Ford (F) Plans to Continue Headcount Reduction in Europe
FFord Motor(F) ZACKS·2024-06-20 21:10

Ford Motor Company (F) is planning additional job cuts in Germany, Spain and the U.K., per Reuters. Per Benjamin Gruschka, head of the works council at Ford's Cologne plant, it is unclear how many jobs will be cut in Germany under the new restructuring plan. A decision is anticipated by the end of June. Ford has completed half of its previous restructuring plan, which involved cutting 2,300 jobs in Germany, reducing the workforce there to 13,000. Last year, the company announced it would cut 3,800 jobs in E ...