Ford cuts 4,000 jobs in Europe amid weak demand for EVs and rising competition
Ford Motor(F) Business Insider·2024-11-20 22:16
Advertisement Ford is cutting 4,000 jobs in Europe after "significant losses" in its passenger vehicle operations.The company also cited rising competition and weaker-than-expected demand for EVs.Ford CFO John Lawler called for joint industry action in a letter to the German government.Ford said it would cut 4,000 jobs in Europe by the end of 2027 amid rising competition and weaker-than-expected demand for EVs.The job cuts will mostly affect Germany and the UK after the company suffered "significant losses ...