Ford to layoff thousands across Europe

Mar 2012
51,093
33,747
New Hampshire
#1
They just dont seem to be doing well anywhere.

Ford said Thursday that it would cut thousands of jobs across Europe as it struggles to reduce costs while tougher emissions rules and declining demand are hurting profits.

The carmaker also said it would close a transmission factory in Bordeaux, France, at the end of August. Among the possible cuts, Ford is: considering ceasing production of two minivan models at its factory in Saarlouis, Germany, as the European market for such vehicles shrinks; reviewing a joint venture in Russia, Ford Sollers; and planning to consolidate its headquarters in Britain.

Also on Thursday, the British carmaker Jaguar Land Rover said it would reduce its global work force by 4,500 people, citing “multiple geopolitical and regulatory disruptions.” The cuts, which the company said would come through buyouts, follow the departure of 1,500 workers last year. Carmakers are confronting a sharp tightening of emissions standards in Europe.

Ford is not the only American carmaker to pull back from Europe. General Motors sold its Opel and Vauxhall brands to PSA Group of France in 2017 in hopes of improving its profit margins after persistent losses in the region.

Ford Plans to Cut Thousands of Jobs Across Europe
 
Likes: The Man
Feb 2010
26,785
27,688
Sunny Bournemouth, Dorset
#2
They just dont seem to be doing well anywhere.

Ford said Thursday that it would cut thousands of jobs across Europe as it struggles to reduce costs while tougher emissions rules and declining demand are hurting profits.

The carmaker also said it would close a transmission factory in Bordeaux, France, at the end of August. Among the possible cuts, Ford is: considering ceasing production of two minivan models at its factory in Saarlouis, Germany, as the European market for such vehicles shrinks; reviewing a joint venture in Russia, Ford Sollers; and planning to consolidate its headquarters in Britain.

Also on Thursday, the British carmaker Jaguar Land Rover said it would reduce its global work force by 4,500 people, citing “multiple geopolitical and regulatory disruptions.” The cuts, which the company said would come through buyouts, follow the departure of 1,500 workers last year. Carmakers are confronting a sharp tightening of emissions standards in Europe.

Ford is not the only American carmaker to pull back from Europe. General Motors sold its Opel and Vauxhall brands to PSA Group of France in 2017 in hopes of improving its profit margins after persistent losses in the region.

Ford Plans to Cut Thousands of Jobs Across Europe
All the car makers in Britain face the added problem of looming Brexit. Almost all are now foreign owned ,and the non-British brands located here in the first place to gain English-speaking access to European markets. If we leave, so does their reason to be here.
 
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Likes: The Man