Ford: to cut 12,000 jobs in Europe
(CercleFinance.com) - Ford said it is adopting a new business model in Europe to improve its financial results in the region, a decision that will impact approximately 12,000 jobs at its facilities and joint ventures by the end of 2020.
The US carmaker said on Thursday that it plans to cut its manufacturing footprint in Europe to 18 facilities by the end of 2020, from 24 at the beginning of 2019.
Its plans include the closure of plants in the UK, France, and Russia, as well as the sale of a transmission plant in Slovakia.
In the UK, the Ford of Britain and Ford Credit Europe headquarters in Warley will close later this year, with operations set to be consolidated in Dunton, it said.
Ford is also implementing shift reductions at its assembly plants in Saarlouis, Germany, and Valencia, Spain, as well as a "more streamlined" management structure and marketing and sales operations.
The job cuts will primarily be through voluntary separation programs, the group said.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The US carmaker said on Thursday that it plans to cut its manufacturing footprint in Europe to 18 facilities by the end of 2020, from 24 at the beginning of 2019.
Its plans include the closure of plants in the UK, France, and Russia, as well as the sale of a transmission plant in Slovakia.
In the UK, the Ford of Britain and Ford Credit Europe headquarters in Warley will close later this year, with operations set to be consolidated in Dunton, it said.
Ford is also implementing shift reductions at its assembly plants in Saarlouis, Germany, and Valencia, Spain, as well as a "more streamlined" management structure and marketing and sales operations.
The job cuts will primarily be through voluntary separation programs, the group said.
Copyright (c) 2019 CercleFinance.com. All rights reserved.