Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Ford cuts 3,200 jobs in Europe and moves work to the US

by January 24, 2023
January 24, 2023
Ford cuts 3,200 jobs in Europe and moves work to the US

Ford plans to cut 3,200 jobs across Europe, according to Germany’s largest union, as the carmaker looks to slash costs and shift focus towards electric vehicles.

Most of the 2,500 jobs in product development and up to 700 in administrative roles the automaker is hoping to cut are located in Germany, said IG Metall.

The union, which represents 2.2 million members in the metal, electrical, iron, steel and automotive industries, said other cuts could fall at sites in Belgium and the UK, the Financial Times reported.

The workers at the Cologne site, which employs about 14,000 people, were informed of the plans on Monday.

“If negotiations between the works council and management in coming weeks do not ensure the future of workers, we will join the process,” IG Metall said.

“We will not hold back from measures that could seriously impact the company, not just in Germany but Europe-wide.”

The US carmaker has been cutting jobs in Europe for years as it aims to shift its focus to electrified vehicles.

The company’s chief executive, Jim Farley, warned in November last year it takes “40% less labour to make an electric car” than a traditional petrol model.

A statement from Ford said: “We have no comment on the current speculation about a possible restructuring at Ford in Europe.

“Ford remains committed and is currently accelerating its plans to build an all-electric portfolio of vehicles in Europe.

“By 2030, all new passenger cars sold by Ford in the EU will be electric, and by 2035 all new Ford Pro commercial vehicles will be electric.

“This transformation requires significant change in the way we develop, build and sell Ford vehicles, and will impact our organisational structure, talent and skills we will need in the future.

“More details will be shared once our plans are final and we have informed our employees first.”

Read more:
Ford cuts 3,200 jobs in Europe and moves work to the US

0
FacebookTwitterGoogle +Pinterest
previous post
British households and businesses to be paid £2m to cut power use today
next post
Drop in disposable income is affecting everybody in UK

You may also like

Tube strikes cancelled after ‘intense’ talks lead to...

July 21, 2023

Conservatives launch major business policy drive as party...

April 11, 2025

Making Your SME Inclusive for Employees with Mobility...

October 23, 2023

Microsoft to cut nearly 3% of global workforce...

May 14, 2025

Musk confirms X is set to have two...

October 20, 2023

Lobby group urges Rachel Reeves to rethink non-dom...

October 13, 2024

Elsner Technologies Launches Fashion Ecommerce Development Solutions To...

October 23, 2024

Airbus finalises deal for Spirit plants in Belfast...

April 29, 2025

How to Get Started in Graphic Design

February 10, 2023

Fuuse closes £8.7m Series A round to power...

June 5, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025
    • House witness flips script on Dem who ambushed him during hearing with unearthed tweet: ‘Iceberg is ahead’

      June 7, 2025
    • Call with China’s Xi, and Trump-Musk exchange fueled barbs during 20th week in office

      June 7, 2025
    • Trump’s conservative allies warn Congress faces critical ‘test’ with $9.4B spending cut proposal

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,568)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved