BERLIN—Ford Motor Co. plans to cut up to 3,200 jobs across Europe and move some product development work to the United States, Germany’s IG Metall union said on Monday, vowing action that would disrupt the carmaker across the continent if the cuts go ahead.
Rising costs for electric vehicle battery materials and projected slowdowns in U.S. and European economies are putting pressure on automakers to cut expenses. The EV price war launched by Tesla Inc. earlier this month has intensified that pressure, analysts said.
