Stalled European Electric Vehicle Sales Trigger 4,000 Job Cuts At Ford

By Forbes | Nov 20, 2024 at 02:08 PM EST

Ford is cutting 4,000 jobs in Europe due to slow electric vehicle sales. The restructuring will impact employees in Germany and the U.K., with aims to make cuts through voluntary means by 2027. Challenges include competition from Chinese EV imports and stringent European climate targets.

Did you find this insightful?

Bad

Just Okay

Amazing

We are preparing, please wait

New Alert

Select an alert type

Sentiment Spike

Send email alert if news sentiment changes significantly

Mentions Spike

Send email alert if has a surge in mentions

Choose sentiment spike or mentions spike or both to receive email alerts and app notification for the selected stock.
Note: Please be aware that you will receive an email only once a day, around 8:00 AM (EST), in the event of any spike.
In future if you don't want to receive any email then delete stocks added into alert section.