Ford, the car manufacturing giant, has announced plans to cut approximately 800 jobs across the UK over the next three years as part of a broader European job reduction strategy.
The company stated that these UK job cuts are part of a larger plan to eliminate 4,000 roles across Europe by the end of 2027 in an effort to reduce costs.
The majority of the job losses will be in Germany and the UK, with “minimal reductions” in other European markets. Ford highlighted that its passenger vehicle business in Europe has suffered “incurred significant losses in recent years”.
Additionally, it noted that the transition to electric vehicles and new market competition has been “highly disruptive”.
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