Jump to content
  • 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



    User Feedback

    Recommended Comments

    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. 

    • Upvote 2

    Share this comment


    Link to comment
    Share on other sites
    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?

    Share this comment


    Link to comment
    Share on other sites
    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.

    • Haha 1
    • Upvote 1

    Share this comment


    Link to comment
    Share on other sites
    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.

    • Upvote 1

    Share this comment


    Link to comment
    Share on other sites
    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.

    • Like 1

    Share this comment


    Link to comment
    Share on other sites


    Join the conversation

    You can post now and register later. If you have an account, sign in now to post with your account.
    Note: Your post will require moderator approval before it will be visible.

    Guest
    Add a comment...

    ×   Pasted as rich text.   Paste as plain text instead

      Only 75 emoji are allowed.

    ×   Your link has been automatically embedded.   Display as a link instead

    ×   Your previous content has been restored.   Clear editor

    ×   You cannot paste images directly. Upload or insert images from URL.




  • Similar Content

    • By Drew Dowdell
      Ford reported first quarter operating earnings of $801m, up $160m over the same quarter last year.  The company says that it expects this quarter to be the strongest quarter of the year due to seasonal factors and major product launches later this year.  However, the company says it still expects to finish 2019 better than 2018.
      Outside of North America, Ford is still losing money, but those losses are shrinking.  Ford recently announced a restructuring plan for Europe that included over 6,000 layoffs. 
      Also in the earnings report, Ford revealed that the company is subject to a criminal investigation by the Justice Department due to its emissions certifications. We recently reported that Ford had launched its own internal investigation into its emissions certification process. 
      Ford's stock rose more than 6% in premarket trading. 

      View full article
    • By Drew Dowdell
      Ford reported first quarter operating earnings of $801m, up $160m over the same quarter last year.  The company says that it expects this quarter to be the strongest quarter of the year due to seasonal factors and major product launches later this year.  However, the company says it still expects to finish 2019 better than 2018.
      Outside of North America, Ford is still losing money, but those losses are shrinking.  Ford recently announced a restructuring plan for Europe that included over 6,000 layoffs. 
      Also in the earnings report, Ford revealed that the company is subject to a criminal investigation by the Justice Department due to its emissions certifications. We recently reported that Ford had launched its own internal investigation into its emissions certification process. 
      Ford's stock rose more than 6% in premarket trading. 
    • By Drew Dowdell
      Ford announced today that it would be investing $500 million in Electric Vehicle startup Rivian.  The move will gain Ford access to Rivian's flexible skateboard platform.  Ford will co-develop the vehicle with Rivian and will join the already planned Ford F-150 EV and a Mustang inspired crossover EV.  Ford will provide Rivian with industrial expertise and resources.
      Rivian will remain an independent company and the investment is subject to regulatory approvals.
      Rivian has shown concept versions of the Rivian R1T, an electric pickup and Rivian R1S SUV at the Los Angeles Auto Show. It plans to put these vehicle into production at its plant in Normal Illinois.
      Ford's investment comes just two months after Rivian landed $700m in investment commitments from Amazon and others.  The talks between Rivian and General Motors have apparently collapsed. 
    • By Drew Dowdell
      Ford unveiled the 2020 Escape ahead of the New York International Auto Show and yesterday I finally got my chance to check it out. 
      The Escape’s overall shape has lost some of its edge. It is now more rounded and car-like born out by the fact that it is longer, lower, and wider than the current model.  From certain angles in the front, it almost looks to be a Tesla, an association I’m sure Ford won’t mind me making. In back, it has lost almost all of its character. Scrape the badges off and I couldn't tell you what manufacturer this car came from.
      Inside is a mixed bag. The dash is laid out in a simple organized fashion and I like how it no longer juts out at you as the outgoing model does.  The screen is well placed and easy to reach. My experiences with Sync3 in the past have been good, so I expect that will carry over into this Escape. The rear seat room is good for the class, though the rear seats do sit lower than I would like.
      Where I’m let down is in the quality of materials. Everything seems to be made of hard plastic. The door panels in the rear were especially tupperware feeling. One strange item is the unusual placement of the engine start/stop button, down and behind the steering wheel almost as if they were intentionally making it hard to reach. I did back to back comparisons with Ford’s competition at the show and I would put the new Escape near the bottom of the list on interior quality. It is even a step backward from the current Escape.
      The Escape will have four powertrain choices, a 1.5-liter turbo, a 2-liter turbo carried over from the previous generation, and making a return is the hybrid version, powered by a 2.5 liter 4-cylinder. A plug-in hybrid will also be available, but only in front-wheel drive form.  The most interesting of these engines is the 1.5 liter. It is a 3 cylinder EcoBoost producing 180 horsepower and 177 lb-ft of torque. It is capable of running on just 2 cylinders during times of light load. I liked the 1-liter 3-cylinder EcoBoost in the Ford Fiesta, and if this new 1.5 liter runs the same, that would be a good thing. Driving impressions will have to wait till later this year when the Escape goes into production.
      Overall I think this Ford could and should do better on the interior quality. A 3-cylinder turbo may be a hard sell no matter how good the mileage is and Ford will have an interesting time convincing customers of that. 
      You can read more about the 2020 Ford Escape from the release article below.
       

      View full article
    • By Drew Dowdell
      Ford unveiled the 2020 Escape ahead of the New York International Auto Show and yesterday I finally got my chance to check it out. 
      The Escape’s overall shape has lost some of its edge. It is now more rounded and car-like born out by the fact that it is longer, lower, and wider than the current model.  From certain angles in the front, it almost looks to be a Tesla, an association I’m sure Ford won’t mind me making. In back, it has lost almost all of its character. Scrape the badges off and I couldn't tell you what manufacturer this car came from.
      Inside is a mixed bag. The dash is laid out in a simple organized fashion and I like how it no longer juts out at you as the outgoing model does.  The screen is well placed and easy to reach. My experiences with Sync3 in the past have been good, so I expect that will carry over into this Escape. The rear seat room is good for the class, though the rear seats do sit lower than I would like.
      Where I’m let down is in the quality of materials. Everything seems to be made of hard plastic. The door panels in the rear were especially tupperware feeling. One strange item is the unusual placement of the engine start/stop button, down and behind the steering wheel almost as if they were intentionally making it hard to reach. I did back to back comparisons with Ford’s competition at the show and I would put the new Escape near the bottom of the list on interior quality. It is even a step backward from the current Escape.
      The Escape will have four powertrain choices, a 1.5-liter turbo, a 2-liter turbo carried over from the previous generation, and making a return is the hybrid version, powered by a 2.5 liter 4-cylinder. A plug-in hybrid will also be available, but only in front-wheel drive form.  The most interesting of these engines is the 1.5 liter. It is a 3 cylinder EcoBoost producing 180 horsepower and 177 lb-ft of torque. It is capable of running on just 2 cylinders during times of light load. I liked the 1-liter 3-cylinder EcoBoost in the Ford Fiesta, and if this new 1.5 liter runs the same, that would be a good thing. Driving impressions will have to wait till later this year when the Escape goes into production.
      Overall I think this Ford could and should do better on the interior quality. A 3-cylinder turbo may be a hard sell no matter how good the mileage is and Ford will have an interesting time convincing customers of that. 
      You can read more about the 2020 Ford Escape from the release article below.
       
  • Social Stream

  • Today's Birthdays

    1. Deuce
      Deuce
      (40 years old)
    2. Fleet
      Fleet
      (48 years old)
    3. Greg Patinka
      Greg Patinka
      (60 years old)
  • Who's Online (See full list)

  • My Clubs

About us

CheersandGears.com - Founded 2001

We ♥ Cars

Get in touch

Follow us

Recent tweets

facebook

×
×
  • Create New...