VLUE - Ford Plans Further Job Reductions in Germany Spain And UK: Report | Benzinga
Ford Motor Company (NYSE:F) is reportedly planning additional job cuts across its operations in Germany, Spain, and the U.K.
This development is part of a broader strategy to streamline its workforce in Europe, particularly as the company shifts its focus towards electric vehicle (EV) production.
According to Benjamin Gruschka, the head of the workers’ council at Ford’s Cologne plant, the specifics of the job cuts in Germany remain unclear but are expected to be defined by the end of June, reported Reuters.
The decision comes in addition to a previous restructuring initiative.
Ford has already implemented significant workforce reductions, having completed half of its ...