Ford to Cut 4,000 Jobs in Europe by 2027
Ford to Cut 4,000 Jobs in Europe by 2027

Ford to Cut 4,000 Jobs in Europe by 2027

News summary

Ford is set to cut 4,000 jobs across Europe by the end of 2027, primarily affecting Germany and the UK, as part of restructuring efforts due to weak electric vehicle (EV) sales and economic challenges. This reduction represents about 14% of Ford's European workforce, with approximately 2,900 jobs to be eliminated in Germany and 800 in the UK. The decision is driven by significant losses and the transition to electrified mobility, hindered by consumer reluctance and the removal of government incentives, particularly in Germany. Ford's Cologne plant, which manufactures the Capri and Explorer EV models, will see a reduction in production, highlighting the broader industry struggle with EV adoption. The company faces intense competition from Chinese automakers and is urging for more supportive policies and infrastructure from European governments. Consultations with labor unions are ongoing to manage the impact on employees, focusing on voluntary redundancies where possible.

Story Coverage
Bias Distribution
56% Left
Information Sources
bfb2a97b-336e-48d9-b69a-147df7862dc271639883-fbbd-48af-8cc3-393f63e7b2efd387b58c-602b-49e7-8f0e-990aad2baa4722f21122-9d27-4998-9230-347eca43599b
+14
Left 56%
Center 33%
R
Coverage Details
Total News Sources
22
Left
10
Center
6
Right
2
Unrated
4
Last Updated
61 days ago
Bias Distribution
56% Left

Open Story Timeline

Story timeline 1Story timeline 2Story timeline 3Story timeline 4Story timeline 5Story timeline 6Story timeline 7Story timeline 8Story timeline 9Story timeline 10Story timeline 11Story timeline 12Story timeline 13Story timeline 14

Analyze and predict the
development of events

Related News
Daily Index

Negative

25Serious

Neutral

Optimistic

Positive

Ask VT AI
Story Coverage
Subscribe

Stay in the know

Get the latest news, exclusive insights, and curated content delivered straight to your inbox.

Present

Gift Subscriptions

The perfect gift for understanding
news from all angles.

Related News
Recommended News