92863
Ford May Slash 12% of Jobs in EU Revamp
Ford May Slash 12% of Jobs in EU Revamp

Ford May Slash 12% of Jobs in EU Revamp

Ford May Slash 12% of Jobs in EU Revamp

Ford Motor may cut up to 24,000 jobs and stop producing models such as the S-Max, Galaxy and Mondeo as it tries to revive its European business. Ford lost $73 million in Europe between April and June, hurt by declining diesel sales and weak car offerings. Ford faces additional uncertainty from Brexit, which could lead to tariffs on cars and parts traded between the UK and continental Europe, Automotive News reported. Morgan Stanley analysts estimate Ford will shed 12% of its 202,000 workers, mainly in its European operations. Ford has about 12,000 workers in the UK in factories, research and development, administration and dealerships. Ford is likely to end production of the Mondeo midsize sedan, and Galaxy and S-Max large minivans in favor of more profitable SUVs. Ford may also cut its amount of dealerships.

 

Short URL : https://goo.gl/Et7fE1
  1. https://goo.gl/3qajzC
  • https://goo.gl/jqqsxQ
  • https://goo.gl/55TcYK
  • https://goo.gl/dy3D9Q
  • https://goo.gl/fs2rHp

You can also read ...

BMW’s Tech-Stuffed Concept SUV Heralds Fancy, Electric Future
Changing notions of what customers want from cars have pushed...
Tesla Hits New Speed Bump
Tesla Inc’s Chief Executive Officer Elon Musk on Sunday...
Oil & Gas Sector Most Conducive for Business
The research arm of Iran’s Parliament has conducted a first-of...
3 CBI Officials  to Leave
Following the recent passage of the law banning the employment...
CBA Concerned About Forex Outflow to Iran
The Central Bank of Afghanistan raised concerns about the...
Anzali Port to Be Connected to National Railroad
Anzali Port in the northern Gilan Province will be connected,...
Mineral Trade Surplus Hits $2.9b
Iran exported more than 25.47 million tons of mineral products...
Departure Tax Revenues  Up 117 Percent
The government earned 3 trillion rials ($24 million) from...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus