Ford plans to eliminate 24,000 jobs in Europe – Automotive



Jeff Kowalsky / Bloomberg

Ford Motor was able to eliminate 24,000 jobs in Europe, as well as stop producing models such as Mondeo, according to the Sunday Times. The publication explains that these measures are considered as part of a recovery plan for European operations.

Ford lost $ 73 million of operations in Europe between April and June, according to the latest known results. Contributing to these results was the reduction in the demand for diesel cars and also not as a weak supply, the newspaper emphasizes. In addition, Ford is still worried about the uncertainty that Brexit has generated and possible new rates applied for car sales.

Morgan Stanley expects Ford to eliminate 12% of its workforce, representing 202,000 employees. The reduction should mainly take place in European operations. According to the Sunday Times, Ford has 12,000 employees in the United Kingdom.

The same newspaper says that Ford is considering stopping the production of the Mondeo, Galaxy and S-Max models, according to sources close to the suit.

Ford makes various changes to its activities. Still on Friday, it announced that it was loading the brake on the import of cars that were assembled in its factory in China. These are the rates that Donald Trump has already imposed on Chinese goods in the order of $ 50 billion, plus the $ 200 billion that is expected to reach the site next week.


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Ford plans to eliminate 24,000 jobs in Europe – Automotive



Jeff Kowalsky / Bloomberg

Ford Motor was able to eliminate 24,000 jobs in Europe, as well as stop producing models such as Mondeo, according to the Sunday Times. The publication explains that these measures are considered as part of a recovery plan for European operations.

Ford lost $ 73 million of operations in Europe between April and June, according to the latest known results. Contributing to these results was the reduction in the demand for diesel cars and also not as a weak supply, the newspaper emphasizes. In addition, Ford is still worried about the uncertainty that Brexit has generated and possible new rates applied for car sales.

Morgan Stanley expects Ford to eliminate 12% of its workforce, representing 202,000 employees. The reduction should mainly take place in European operations. According to the Sunday Times, Ford has 12,000 employees in the United Kingdom.

The same newspaper says that Ford is considering stopping the production of the Mondeo, Galaxy and S-Max models, according to sources close to the suit.

Ford makes various changes to its activities. Still on Friday, it announced that it was loading the brake on the import of cars that were assembled in its factory in China. These are the rates that Donald Trump has already imposed on Chinese goods in the order of $ 50 billion, plus the $ 200 billion that is expected to reach the site next week.


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