Ford to slash 4,000 jobs in Europe amid economic headwinds and weak EV sales

By CBS News | Nov 20, 2024 at 01:09 PM EST

Ford Motor Co. plans to cut 4,000 jobs in Europe and the UK by 2027 due to economic challenges and increased competition, with most job losses in Germany. The auto industry is transitioning to electric mobility, facing regulatory pressures and consumer demand shifts.

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