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Home / Business / Ford slashes more than 5,000 jobs in Germany, cuts to come across Europe

Ford slashes more than 5,000 jobs in Germany, cuts to come across Europe



Ford Motor has cut over 5,000 jobs in Germany and an indefinite number of jobs in the UK, a company spokesman said after the company launched plans to redefine its European business 39; start of this year.

The objective is to significantly reduce structural costs, reduce bureaucracy, empower leaders and executives and eliminate work with lower added value, "a Ford spokesman said.

MORE FROM FOXBUSINESS.COM [19659004] The move is part of a review, aimed at transforming the European business of the company, announced in January. At the time, the car manufacturer claimed that it would cut thousands of jobs in Europe. October, Ford informed employees of a global restructuring.

The company offered voluntary separation programs for employees in Germany and the UK, the spokeswoman said. The number of cuts in the UK has yet to be determined, he said.

A spokesman added that further measures, including potential job cuts, will be needed throughout the European operation, but are still being developed. or

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The automotive industry is preparing for the impact of electric vehicles and autonomous driving. Ford's CEO, Jim Hackett, has implemented extensive cost-cutting measures.

Write to Donato Paolo Mancini at donatopaolo.mancini@dowjones.com; @donatopmancini


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