Ford wants to rebuild its deep in the loss of plug-Europe business and thousands of jobs. The U.S. automaker announced on Thursday a program through which the costs in this and in the next year massively reduced. At the same time, the company intends to invest in new models and vehicles electrify, in order to meet the stricter EU climate requirements.
Unprofitable vehicle models will be deleted from the offer. "We will take resolute measures to transform the Ford business in Europe," said Europe boss Steven Armstrong.
Ford wool labour costs as far as possible, to reduce and encourage employees to voluntarily resign. Talks with the works Council and the trade Union should be inserted. The height of the planned staff reduction, Armstrong called. In an interview with Reuters, he made clear, however, that "thousands" of jobs will be eliminated. "The Redesign is intended to bring the business back to an acceptable level." Were last employed by Ford in Europe, around 53,000 people.
the aim is to achieve a long-term operating margin of six percent. In the third quarter of 2018 Ford in Europe had made a loss of $ 245 million to minus 192 million a year ago. The Americans of the Brexit. For Ford of Britain is the largest European market, the weakness of the pound hits the U.S. car maker, therefore, is particularly strong. Weaker business in Russia and Turkey proposed to beech.daily mirror tomorrow location for Free order
For the renovation is to contribute with Volkswagen proposed Alliance, by, business with light commercial vehicles would be strengthened. For Details, Armstrong was not known.
The loss of jobs and the Revision of the Model range were made regardless of the outcome of the talks with Volkswagen. "It is too early to speculate how the VW Alliance will have an impact on our strategy." Reuters had on Wednesday from business circles that the two companies intend to announce next week at the auto show in Detroit, a framework agreement for global co-operation.More about
exhaust gas objectives of the European Union, IG Metall, warns of the social consequences of a fast electric tag
Ford announced that production of an automatic transmission in Bordeaux. In addition, the joint venture Sollers in Russia to the test. A decision was announced for the second quarter. The UK branch is also to be restructured. (Reuters)