US EditionFord to drop up to 1,000 jobs at German plant as demand for electric cars in Europe lags forecasts
- Ford, a US automaker, will cut up to 1,000 jobs at its Cologne, Germany plant and switch to one shift daily starting January 2026.
- This decision follows a November 2024 restructuring that announced 2,900 job cuts in Germany due to weak European electric vehicle demand.
- The Cologne plant, refitted at a cost of $2 billion for electric vehicle production, currently operates two shifts making the electric Explorer SUV.
- Reuters reported that in Europe, sales of electric vehicles are considerably lower than the industry had anticipated, with battery-electric models accounting for roughly 15 percent of the market.
- The cuts and shift reduction aim to align production with lower demand, with positions offered via voluntary redundancy and employment guarantees extended to over 10,000 plant workers until 2032.
127 Articles
127 Articles
Ford Layoffs a Sign of Its Crippled EV Business
Ford Motor Co. (NYSE: F) cut 1,000 workers in Germany because of slow electric vehicle (EV) sales. It is part of a layoff of 2,900 workers. This happens as other large legacy car manufacturers up their game in the region in the hope of gaining EV market share from Tesla and emerging Chinese EV manufacturers. Ford has decided not to follow but rather signal a retreat. 24/7 Wall St. Key Points: Ford Motor Co. (NYSE: F) is laying off workers beca…
Ford layoffs: Automaker plans to slash nearly 1,000 jobs amid lower demand for EVs
Ford layoffs: Ford Motor Co. plans to cut up to 1,000 jobs at its Cologne electric auto plant due to lower demand for battery-powered cars. The company previously announced a reduction of 4,000 positions in Europe, with adjustments to production volumes in response to demand.
The U.S. Automaker Ford announced Tuesday that it will eliminate up to 1,000 jobs in the field of production of electric cars to the Koln (Germany), due to weak demand, transmits to the Reuters agency. The main crisis in the car industry. Ford announces another 1,000 concessions appeared for the first time in Romania TV.
The US automaker continues to cut short at the plant in Cologne. The announcement is a big blow for the workforce and trade union IG Metall – they had just agreed to a negotiated restructuring plan.
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