7 sources·Business

Ford to Lay Off 4,000 Employees in Europe by 2027 Amid Economic and EV Sales Challenges

Ford announces a reduction of 4,000 jobs in Europe by 2027 due to weak electric vehicle sales and economic pressures, mainly in Germany and the UK.

29%

57%

14%

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Updated: Nov 20th, 2024, 2:39 PM ET

Summary

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Ford Motor Co. plans to cut 4,000 jobs in Europe, primarily in Germany and the UK, by the end of 2027 as it faces economic challenges, weak EV sales, and increasing competition. The layoffs, representing about 14% of its European workforce, come amid a significant drop in sales and persistent issues within the automotive industry, including lagging consumer demand for electric vehicles. Ford is urging the German government to enhance support for e-mobility through incentives and infrastructure improvements as the company restructures to remain competitive.

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