Ford to cut 14% of European jobs, blaming EV shift and rising competition

By CNBC   |   1 year ago
Ford to cut 14% of European jobs, blaming EV shift and rising competition

Ford plans to cut 2,900 jobs in Germany by 2027 due to losses, weak EV demand, and competition. The automaker aims to adapt to challenges in the industry and transition to electric vehicles amidst government support and incentives.

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