Ford plans to cut 4,000 jobs in Europe, cites disruptive shift to EVs

Q: How long will it take to read this news story?

The story "Ford plans to cut 4,000 jobs in Europe, cites disruptive shift to EVs" has 286 words across 10 sentences, which will take approximately 2 - 3 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Ford plans to cut 4,000 jobs in Europe, cites disruptive shift to EVs" was covered 2 days ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 215 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #23722914</li><li>URL: https://beamstart.com/news/ford-plans-to-cut-4000-17321252639226</li></ul>

Business Standard Logo Business Standard 2d ago

Ford plans to cut 4,000 jobs in Europe, cites disruptive shift to EVs - Business Standard

Quick Summary:

Ford Motor Co.says it will reduce its workforce by 4,000 in Europe and the U.K.by the end of 2027, citing headwinds from the economy and pressure from increased competition and weaker than expected sales of electric cars.

Dave Johnston, Ford's European vice president for transformation and partnerships, said in a statement that it is critical to take difficult but decisive action to ensure Ford's future competitiveness in Europe.

The company said that it would also reduce working time for workers at its Cologne, Germany plant where it makes the Capri and Explorer electric vehicles.