Ford Slashes 4,000+ Jobs in Europe: Cites Weakened EV Sales, Economic Headwinds
The Ford Motor Co. will reduce its workforce by upwards of 4,000 across Europe and the U.K. by the end of 2027, the manufacturer announced Wednesday, citing headwinds generated from the economy, pressure from increased competition and weaker than expected sales of electric vehicles (EVs) for the grim forecast.