Ford Will Cut 3,800 Jobs in Europe as EV Shift Takes Hold
- Carmaker has reduced ranks in region by 35% in last five years
- Additional dismissals will affect about 11% of workforce
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Ford Motor Co. will dismiss some 11% of its workforce in Europe as the US carmaker cuts costs in the latest sign of industrial disruption caused by the automotive sector’s shift to electric vehicles.
Of the total 3,800 jobs to go, workers in Germany and the UK will be hardest-hit with about 2,300 and 1,300 positions to be eliminated respectively over the next three years, Ford said Tuesday. Germany’s IG Metall last month estimated around 3,200 people would lose their jobs.