Ford to cut 4,000 jobs in Europe, cites weak EV sales and economic pressure

By Newsweek | Nov 20, 2024 at 01:53 PM EST

Ford Motor Company plans to cut 4,000 jobs in Europe and the UK by 2027 due to slow EV sales, economic pressures, and Chinese competition. Layoffs will mainly affect German plants as the auto industry shifts towards cleaner technology to meet stricter emissions standards.

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