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"Ford cuts 4,000 jobs in Europe, including 800 in UK, after slowdown in EV sales"
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"Ford has announced plans to cut 4,000 jobs in Europe, with 800 in the UK and 2,900 in Germany, as part of its efforts to reduce costs amid slowing growth in electric car sales and competition from China. The company will also cut back planned production of new electric models, citing weak economic conditions and lower-than-expected demand. Ford joins other global carmakers in seeking cost savings as the industry struggles with waning demand and the transition to electric cars."
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"content": "nostr:nprofile1qyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpq2qj8ax6yyu2udvjcpulpdnet77avt0ypz0tecyygevehtlxzkcrqtkfw9w\nhttps://i.guim.co.uk/img/media/4016132ef43f8a873a4c0de076b91ee081de5e72/0_184_3000_1800/master/3000.jpg?width=460\u0026quality=85\u0026auto=format\u0026fit=max\u0026s=42a471ac76de4ff780a24d87d5a68eae\nCarmaker does not specify where British cuts will fall but Dagenham and Halewood will not be affected Business live – latest updatesFord has said that it will cut 4,000 jobs in Europe, becoming the latest carmaker to seek to reduce costs amid slowing growth in electric car sales and competition from China.The American carmaker said on Wednesday it would cut 800 jobs in the UK, with 2,900 in Germany. The company’s UK sites in Dagenham and Halewood will not be affected. Continue reading...\nhttps://www.theguardian.com/business/2024/nov/20/ford-cuts-jobs-europe-uk-slowdown-ev-sales",
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