- GLOBAL DRIVE TO CUT COSTS
FORD PLANS TO cut one in nine jobs in product development and administration across Europe as part of a global drive to cut costs and be competitive in the electric vehicle market, the US automaker said on Tuesday.
Around 3,800 jobs will be cut in total, including 2,300 at the carmaker's Cologne and Aachen sites in Germany, 1,300 in the UK and 200 in the rest of Europe, the company said, adding it intended to achieve the reductions through voluntary programmes.
The news comes as a blow to unions who said in late January the worst-case scenario was 2,500 job cuts in Europe in product development and a further 700 in administration.
Still, the carmaker agreed to no compulsory redundancies at its Cologne or Aachen sites before the end of 2032, providing some relief to workers, works council chair Benjamin Gruschka said on a press call.
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