Ford to cut jobs in European revamp

January 10, 2019
Ford's profitability has been under pressure in Europe for a while

US carmaker Ford said on Thursday that it plans a major restructuring of its European operations, including job cuts, to boost profitability.

The new strategy is aimed at cutting structural costs and redesigning the product lineup for , passenger vehicles and imports, it said.

"We are taking decisive action to transform the Ford business in Europe," Steven Armstrong, group vice president and president for Europe, Middle East and Africa said in a statement.

Ford did not specify the number of projected job cuts, but said it hoped to achieve them through voluntary redundancies.

"Structural cost improvements will be supported by reduction of surplus labour across all functions –- salaried and hourly," it said.

Among concrete steps in key markets Ford said it will end production of small automatic transmissions in Bordeaux, France.

In Germany, it plans to end production of the C-Max and Grand C-Max in Saarlouis in response to a shrinking market in Europe for compact multi-purpose vehicles.

In Russia, Ford said it will launch a strategic review of its joint venture Ford Sollers, with several restructuring options on the table.

Ford also plans to consolidate its UK headquarters and Ford Credit Europe's headquarters at the Ford Dunton Technical Center in South East Essex.

Ford employs around 53,000 people at its wholly-owned facilities in Europe—over a quarter of its worldwide total.

The company has been making cars in Europe since 1911.

Explore further: Ford to cut global workforce

Related Stories

Ford to cut global workforce

October 6, 2018

US automaker Ford—which announced a major restructuring in July—unveiled plans Friday to reduce its workforce worldwide, without specifying the extent of the plan.

Ford earnings drop on weak China sales

October 25, 2018

Ford reported a drop in third-quarter profits Wednesday as weak sales in China and higher commodity costs countered the benefit of strong truck sales in North America.

Ford recalls 2 mn pickup trucks on fire risk

September 6, 2018

Ford is recalling two million pickup trucks in North America because of a defect in its seat belt system that increases the chance of a fire, the company announced Thursday.

Recommended for you

EPA adviser is promoting harmful ideas, scientists say

March 22, 2019

The Trump administration's reliance on industry-funded environmental specialists is again coming under fire, this time by researchers who say that Louis Anthony "Tony" Cox Jr., who leads a key Environmental Protection Agency ...

The taming of the light screw

March 22, 2019

DESY and MPSD scientists have created high-order harmonics from solids with controlled polarization states, taking advantage of both crystal symmetry and attosecond electronic dynamics. The newly demonstrated technique might ...

Male fish can thank genes for colourful looks

March 22, 2019

Striking traits seen only in males of some species – such as colourful peacock feathers or butterfly wings – are partly explained by gene behaviour, research suggests.

Coffee-based colloids for direct solar absorption

March 22, 2019

Solar energy is one of the most promising resources to help reduce fossil fuel consumption and mitigate greenhouse gas emissions to power a sustainable future. Devices presently in use to convert solar energy into thermal ...

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.