VLUE - What's Happening With Ford's Shares On Thursday? | Benzinga
Ford Motor Co (NYSE:F) shares are ticking lower on Thursday.
The auto company announced further job cuts at its Valencia, Spain, assembly plant, totaling up to 1,600 positions, following a previous reduction of 1,100 staff last year.
The decision reflects ongoing adjustments in Ford’s European operations, reported Reuters.
The automaker, which currently employs about 4,700 workers at the Valencia facility, communicated to unions that 600 jobs would be cut permanently.
However, discussions are ongoing about potentially rehiring 1,000 workers in the future, as Ford plans to ramp up production with a new vehicle launch slated for 2027.
Negotiations ...