Ford to cut 14% of European jobs, blaming EV shift challenge, Chinese rivals

By Yahoo! Finance   |   1 year ago
Ford to cut 14% of European jobs, blaming EV shift challenge, Chinese rivals

Ford plans to cut 4,000 jobs in Europe due to weak demand for electric vehicles, lack of government support, and competition. The layoffs aim to address financial challenges and adjust to market conditions. Ford calls for more incentives and infrastructure to boost EV adoption.

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