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  • Drew Dowdell
    Drew Dowdell

    Ford Plans Over 6,000 European Layoffs

      ...trying to pull EU operations back to profitability

    Ford's operations in Europe books a 351€ billion loss for 2018 in contrast to a 324€ billion profit the year prior.  Already in the midst of a major restructuring, Ford has now announced job cuts in Germany and the UK.

    Ford employs roughly 24,000 people in Germany with expectations to lower that by 5,000 to 19,000 total. Most of the cuts are expected to come from voluntary redundancies and early retirement.   Ford aims to make the cuts "in the most socially responsible way possible."

    In addition to the German job loses, another 1,150 employees will lose their positions in the UK. 

    Ford has already shuttered an assembly plant in France and cut its vehicle lineup. 

    Ford's moves follow that of Honda which is closing its plant in Swindon, Nissan which is reducing output in Sunderland, Infiniti leaving Western Europe and Volkswagen laying off 7,000 workers.

    Source: Automotive News  (subscription required), TTAC



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    4 minutes ago, dfelt said:

    Let the bloodbath begin! 

    episode 8 GIF

    7,000 from VW
    6,150 from Ford
    850 from the Ford factory in France.
    3,500 from Honda
    4,000 from Nissan possibly
    2,000 from BMW/Mini possibly

    Starting to add up to some real numbers in Europe. 

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    47 minutes ago, Drew Dowdell said:

    7,000 from VW
    6,150 from Ford
    850 from the Ford factory in France.
    3,500 from Honda
    4,000 from Nissan possibly
    2,000 from BMW/Mini possibly

    Starting to add up to some real numbers in Europe. 

    Wonder if they get job retraining like the unions do here?

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    6 hours ago, dfelt said:

    Wonder if they get job retraining like the unions do here?

    I see more protests than job retraining in Europe.  European unions make the UAW look like lapdogs by comparison.

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    1 hour ago, riviera74 said:

    I see more protests than job retraining in Europe.  European unions make the UAW look like lapdogs by comparison.

    Welcome to a socialist world of incompetence to not understand business.

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    9 hours ago, dfelt said:

    Welcome to a socialist world of incompetence to not understand business.

    Yep...I am by no means ahr4d right but I am not hard left either.

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