Ford to shake up European business, cut jobs
FRANKFURT, Germany (AP) — Ford Motor Co. says it is cutting jobs in Europe in a wide-ranging restructuring as it focuses on its most profitable models and shifts production towards electric cars.
In a statement, the company said Thursday that “structural cost improvements will be supported by a reduction of surplus labor,” both hourly and salaried.
The Dearborn, Michigan-based company didn’t reveal how many jobs would be cut and said reductions would be achieved as far as possible through voluntary departures negotiated with unions and employee representatives.
The move follows plans announced last year to reduce white-collar jobs across the company’s global business.