US carmaker Ford said Thursday that it plans to slash a total of 12,000 jobs across Europe as part of a previously-announced restructuring, as it closes or sells six plants in Britain, France, Russia and Slovakia in 2019 and 2020.
“Ford’s manufacturing footprint in Europe will be reduced to a proposed 17 facilities by the end of 2020, from 24 at the beginning of 2019,” the group said, adding that the job cuts — including 5,400 already announced in Germany and 1,700 in Wales — would come “primarily through voluntarily separation programmes”.
Monday, Wednesday and a Friday Weekly Wrap: the retail stories, numbers and moves that mattered across Asia. Nothing else, and you can unsubscribe in one click.
Top industry moves and market shifts
Weekly data-driven analysis from across Asia
Monday, Wednesday and the Friday Weekly Wrap
Read by retail operators, investors and brand teams across Asia.