FORD plans to cut about 3 200 jobs across Europe, following workforce reductions in the US as the automaker slashes costs in a shift toward electric vehicles.
A majority of the affected positions are concentrated in Germany affecting roles in product development and administrative areas, the IG Metall union said Monday after an extraordinary works council meeting at the carmaker’s factory in Cologne. The cuts would affect roughly 65% of development jobs in Europe.
Development activities in Germany are set to be relocated to US, according to an IG Metall statement.
The European cutbacks come after Ford already eliminated 3 000 jobs primarily in the US in the second half of last year. Chief Executive Officer Jim Farley is targeting $3 billion in cuts as he seeks to boost profits from traditional internal combustion engine models to help finance the $50 billion he is pouring into developing electric vehicles.
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