FRANKFURT, Germany | Ford to shake up European business, cut jobs

10Jan - by Editor - 0 - In STL.News

FRANKFURT, Germany — Jan 10, 2019—Ford Motor Co. says it is cutting jobs in Europe in a wide-ranging restructuring as it focuses on its most profitable models and shifts production towards electric cars.

In a statement, the company said Thursday that “structural cost improvements will be supported by a reduction of surplus labor,” both hourly and salaried.

The Dearborn, Michigan-based company didn’t reveal how many jobs would be cut and said reductions would be achieved as far as possible through voluntary departures negotiated with unions and employee representatives.

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