The American carmaker said yesterday it would axe 800 jobs in the UK and 2,900 in Germany. The company's UK factories in Dagenham and Halewood will not be affected.
The cuts represent about 14% of Ford's 28,000 workforce in Europe and will be completed by the end of 2027. Ford is the latest in a series of global carmakers to aim for cost savings as the industry struggles with waning demand while also trying to invest in the transition to electric cars.
The company also cut back planned production of the new electric Explorer and Capri models, citing the "weak economic situation and lower-than-expected demand".
Ford's factory in Cologne, Germany, will reduce its hours of production after the company spent $2bn (£1.6bn) upgrading it to make battery cars.
Several carmakers have this year said they plan to sell more hybrid cars, which combine an internal combustion engine with a smaller battery.
This story is from the November 21, 2024 edition of The Guardian.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the November 21, 2024 edition of The Guardian.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Money hacks Annuities are back in vogue - here's how to get best value
'The stability of a guaranteed income gives retirees peace of mind their money won't run out, even if they live past 100'
The Filter Slow cookers for easy and low-cost cooking
Coming home to a warm meal made with very little effort - is a real treat in the cold and dark months.
Lifetime Isas Is popular savings scheme no longer fit for purpose?
It appears to be proving a hit with millennials and generation Z but has also come under fire for the \"unfair\" sting in its tail.
Mega-trial £2.1bn fight over planes stranded in Russia
Sitting in a nondescript building near the high court in Dublin, about 40 cloaked barristers have gathered almost daily since June last year.
Tax returns Expert tips on getting self-assessment right
With the online deadline just days away, Rupert Jones asks for advice on avoiding the pitfalls and making the most of what you can claim
Earls Court Plans for £10bn renewal await green light
On a damp winter's day, there are few signs of activity on the huge, empty triangle of land in west London that was once home to the Earls Court exhibition centre with its distinctive art deco facade.
Zuckerberg 'let Meta train AI models on pirated books'
Mark Zuckerberg approved Meta's use of \"pirated\" versions of copyright-protected books to train the company's artificial intelligence models, a group of authors has alleged in a US court filing.
Tax changes will inflate food prices, says Sainsbury's chief
Changes to employers' national insurance contributions announced in the government's October budget will drive inflation, particularly on fresh food, according to the chief executive of Sainsbury's as he announced a 5% pay rise for workers.
Strikes every Sunday until May to disrupt Avanti services
Passengers have been warned of disruption to Avanti West Coast rail services every Sunday from tomorrow until the end of May.
Sand grab On the frontline of the battle for shade on Australia's best beach spots
Emerging from the water at Victoria's Safety Beach, Virginia Mamakis settles on the sand under her family's orange-striped cabana.