Big slash: Ford Motor to cut thousands of jobs, bets on EV tech

Ford employs some 4,600 at the Saarlouis plant in Germany, where the carmaker will cease making the Focus model by 2025 with no plans to produce any o
...
US auto giant Ford is planning to axe 3,200 jobs in Germany. The union of the carmaker said it was extremely concerned about the future of the company's sites in Europe's top economy. (REUTERS)
US auto giant Ford is planning to axe 3,200 jobs in Germany. The union of the carmaker said it was extremely concerned about the future of the company's sites in Europe's top economy.

Ford Motor Co. plans to cut about 3,200 jobs across Europe, with a majority concentrated in Germany affecting roles in product development and administrative areas, according to the IG Metall union.

The number of reductions emerged in an extraordinary works council meeting at the carmaker’s factory in Cologne on Monday, an IG Metall spokesperson said. The cuts would affect roughly 65% of all development jobs in Europe, as well as 20% of all of the region’s administrative roles. Development activities in Germany would be relocated to US, according to an IG Metall statement.

Also check these Vehicles

Find more Cars
Ford Mustang Mach E (HT Auto photo)
UPCOMING
₹ 70 Lakhs
Alert Me When Launched
Kia Ev6 (HT Auto photo)
BatteryCapacity Icon77.4 kWh Range Icon708 km
₹ 59.95 - 64.95 Lakhs
Compare
View Offers
Lexus Nx (HT Auto photo)
Engine Icon2494.0 cc FuelType IconMultiple
₹ 64.90 - 71.60 Lakhs
Compare
View Offers
Mercedes-benz Eqa (HT Auto photo)
UPCOMING
BatteryCapacity Icon66.5 kWh Range Icon426 Km
₹ 60 Lakhs
Alert Me When Launched
Bmw Ix1 (HT Auto photo)
BatteryCapacity Icon66.4 KWh Range Icon440 Km
₹ 66.90 Lakhs
Compare
Volvo C40 Recharge (HT Auto photo)
BatteryCapacity Icon 78 kWh Range Icon 530 Km
₹ 61.25 Lakhs
Compare

The European cutbacks come after Ford already eliminated 3,000 jobs primarily in the US in the second half of last year. Chief Executive Officer Jim Farley is targeting $3 billion in cuts as he seeks to boost profits from traditional internal combustion engine models to help finance the $50 billion he is pouring into developing electric vehicles.

Ford declined to confirm the cuts with a spokesman saying that “no decisions have been made." The carmaker in June had warned of cuts at its European workforce, as development and production of electric vehicles is less labor intensive.

Ford employs some 4,600 at the Saarlouis plant in Germany, where the carmaker will cease making the Focus model by 2025 with no plans to produce any other cars there after that. The company is seeking alternatives for the site, while sticking with a $2 billion planned EV investment at its key European production site in Cologne, where Ford employs about 14,000 workers.

Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape.

First Published Date: 24 Jan 2023, 08:29 AM IST
NEXT ARTICLE BEGINS

Check Latest Offers

Please provide your details to get Personalized Offers

Choose city
+91 | Choose city
Choose city
Select a dealer

Want to get the best price for your existing car?

Powered by: Spinny Logo
By clicking "View Offers" you Agree to our Terms and Privacy Policy
Dear Name

Please verify your mobile number.

+91 | Choose city
Couldn't verify the OTP.
It's either expired or it's incorrect.