Ford to slash 12,000 jobs in Europe

Ford to slash 12,000 jobs in Europe

Ford said it will cut 12,000 jobs in Europe by the end of next year to try to return the business to profit. Ford Europe has been losing money for years and pressure to restructure its operations increased after arch-rival GM raised profits by selling its European brands. Ford plans to close three plants in Russia, a plant in France and Wales, and cut shifts at other factories.

KCooper
KCooper
GUYIVKS
GUYIVKS 6 months

I suppose the remoaners will blame Brexit.

Andrew 1010
Andrew 1010 6 months

Well at least Ford is trying to retain profitability in their automotive market. They have stopped production of a majority of sedans and hatchbacks in the U.S already due to poor sales.

Ali Booondok
Ali Booondok 6 months

You guys don’t get it. They are bringing manufacturing back to the US. But not jobs. Not for people anyway. Robots. They already are building state of the art facilities for the next generation of vehicles, all built by robots and automation. Easier to transition. No training. Only maintenance with technician/engineering salary’s to maintain. Power costs. The robots are coming(already here). Automation is coming(already here). Look around. Driving vehicles. Driving semis. So no Uber, Lyft, Taxi, cross country truck driving, or even local delivery jobs would be necessary. Automated by vehicle. Safer. Call centers...? Bye bye in 2 - 5 years also. Oh yeah. Don’t forget Amazon. Look around your local retail areas. Malls? Yikes. If this makes sends and seems familiar, then do some research on Andrew Yang.

D.kota
D.kota 6 months

Unfortunate for them, but sounds like Ford ain't doing too good either.

I Am Grug
I Am Grug 6 months

Bring it back on over. I don’t even think Euros drive fords.

Shane Olson
Shane Olson 6 months

Hi

applejuice
applejuice 6 months

Usually when a vehicle is retired they decommission the factories. That car they are making might not be on the market anymore. I need to look this up because I'm not sure if they refit the factory with updated equipment for new model of cars or not.

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