Ford layoffs: Automaker plans to slash nearly 1,000 jobs amid lower demand for EVs
Ford layoffs: Ford Motor Co. On Tuesday, he announced that Germany will do up to 1,000 jobs at the electric vehicle facility in Cologne due to lower demand for battery -powered cars than expected.
The EP, as part of the latest business reduction plan, will aim to use voluntary departure and purchasing anywhere where possible.
The company said that it constantly evaluates its production levels and adapted them to demand. “The demand for electric automobiles in Europe is significantly below industry forecasts,” he said. In the report, the facility, which produces an electric version of Explorer SUV, will pass to one shift a day as of January.
The last dismissal comes after the company has announced the restructuring plans of the company in November 2024. These plans were expected to reduce 4,000 jobs in Europe and the UK, and 2,900 of these losses are in Germany.
The workers organized a strike before an agreement was reached in July, when IG Metallic Union officials said they would provide employment guarantee to more than 10,000 workers in the facility by 2032.
Ford, with the expectation of increased demand for low emissions vehicles, the Cologne facility for the production of electric vehicles for the production of approximately 2.3 billion euros invested approximately 2 billion dollars.
However, it could not be removed due to home sales in Europe, high costs and lack of charging infrastructure.
Ford’s home sales
Until July, electric vehicles made 15.6% of the European market from 12.5% in the same period last year. Partially, growth was slower than expected due to the withdrawal of purchasing subsidies in Germany.
According to the European Association of Automobile Manufacturers, Ford sold 260.00 vehicles of all kinds of vehicles in the first seven months and kept a 0.7% increase and the market share by 3.3%.
(With inputs from agencies.)
