Ford to Layoff 3,200 European Jobs across Europe and plan to shift some product development work to the United States. The Ford is forced to go for job cuts due to rising costs for electric vehicle battery materials and upcoming slowdowns in US and Europe. The EV price war launched by Tesla Inc earlier this month has intensified that pressure.
Out of 3200 jobs Layoff, Maximum in product development and up to 700 in administrative roles, with German locations most affected. Workers at the US carmaker’s Cologne site, which employs about 14,000 people – including 3,800 at a development centre in the Merkenich area – were informed of the plans at works council meetings. Earlier in this month, Microsoft To Lay Off 5% of Workforce This Month
The carmaker, which employs about 45,000 people in Europe, is planning seven new electric models in the region, a battery assembly site in Germany and a nickel cell manufacturing joint venture in Turkey as part of a major EV push on the continent. Earlier, it had a partnership with Volkswagen to produce 1.2 million vehicles on the German carmaker’s MEB electric platform over six years.
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