Ford plans to reduce its European workforce by 14%, resulting in 4,000 job cuts by 2027 due to ongoing financial losses and regulatory challenges.
The decision comes amidst significant competitive pressures in Europe, with Ford stating that it's necessary to take decisive actions to remain viable in the market.
Jerome Johnston emphasized that aligning CO2 regulations with consumer demand for electrified vehicles is crucial for future success and competitiveness.
In response to the industry-wide shift to electrified mobility, Ford will also cut working hours at its Cologne plant, affecting around 11,500 employees.
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