Ford to cut jobs as it restructures in Europe

Ford plans to cut more than 1,000 jobs in Germany as it switches its business to selling electric vehicles only.

The automaker plans to cut its workforce by four figures at its European headquarters and its factory in Cologne, Germany, sources said. car news europe sister publication car week.

Job losses will extend to assembly, engine and transmission manufacturing, as well as development, management and sales, sources said.

The company is building a new business structure for its European operations, sources said.

Ford is exiting low-margin sales segments such as small cars and compact models in an effort to make its European business sustainably profitable.

The automaker is spending $2 billion to transform its Cologne factory to build two battery electric vehicles based on the Volkswagen Group’s MEB platform, but production of the long-running Fiesta hatchback there has come to an end. I’m here. The Focus compact car will be phased out in 2025 after production at the Saarlouis plant in Germany ends.

Ford’s European passenger car lineup is expected to be all-electric by 2030, with two-thirds of commercial van sales expected to be fully electric or plug-in hybrids by the same date.

The head of the works council at the Cologne plant called a meeting for all 14,000 employees at the plant on Monday.

Ford declined to comment on the report, but said the move to electric vehicles would require a “major change” in how cars are made.

“We do not comment on current speculation regarding a possible restructuring of Ford in Europe,” a spokesperson said.

Reuters contributed to this report

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