On Tuesday, Ford, a famous automobile manufacturer, recently planned to cut about 3800 jobs in Europe in the following years to streamline its operations and deal with increased competition in electric vehicles.
As per the reports, the company will cut 2300 jobs in Germany, 1300 in the UK, and 200 in other countries. The organization’s objective is to offer an all-electric fleet in Europe by 2035, and its first production of the built-in electric vehicle will begin this year. Ford is all set to introduce its first electric vehicle in Europe later this year in Cologne, based on Volkswagen’s MEB platform.
Read more: Microsoft-Owned LinkedIn Lays Off Employees in the Recruitment Department
Martin Sander, the general manager of Ford model E in Europe, mentioned that the company has recognized the uncertainties in the teams and has assured that they will get full support in the coming months.
Ford also declared that most layoffs would be done through voluntary departures to maintain an organization of about 3400 roles in Europe. The company has further stated that it would be taking action to restructure its business in Europe to create more learners and a more competitive cost structure. Ford has announced thousands of job cuts in the United States and India in 2022.