Ford Motor Co. said Wednesday it plans to cut 4,000 jobs in Europe and the United Kingdom by the end of 2027, citing economic challenges and slower-than-expected electric vehicle sales, according to a statement from the company.
The automaker said most of the job reductions will occur in Germany, with 2,900 positions to be eliminated there, 800 in Britain, and 300 in other European Union countries. The cuts represent a significant portion of Ford’s European workforce, which currently stands at 28,000 employees.
