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Ford announces thousands of impending layoffs in Europe

Brock Koller

Summary

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1:22 min listen

Full story

Ford Motor Company is ending the year with bad news for European workers. The company has just announced it plans to cut about 4,000 jobs.

Nearly 3,000 of those layoffs will happen in Germany, with another 800 in Great Britain. This amounts to about 14% of the company’s European workforce.

Ford said its biggest struggles are with passenger vehicles, as it deals with financial losses attributed to a shift and emphasis on electric vehicles. The company called that “highly disruptive.”

Ford’s top financial official said a combination of a lack of demand and carbon dioxide emissions regulations are big hurdles.

CFO John Lawler recently wrote a letter to the German government. In the letter, he said the country lacks a clear policy on how to advance e-mobility such as public investment in charging stations, incentives to get consumers to buy an EV and greater flexibility in meeting CO2 compliance targets.

The lower than expected demand will affect the production of the new Ford Explorer and the new Ford Capri. The cutbacks will lead to a reduction in the workforce in Germany in early 2025.

This is the second major labor reduction, announced by Ford, in as many years. Last year, the automaker laid off 3,800 workers in Europe.

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Why this story matters

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Nibh mus

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Montes libero pulvinar

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Ad class tellus vestibulum

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Terms to know

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Common ground

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Diverging views

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Sources

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  3. Pretium rhoncus lorem non et maximus netus ut
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Bias comparison

  • The Left turpis elementum ante parturient suspendisse primis ligula rhoncus bibendum efficitur erat nascetur, dictum senectus molestie etiam vivamus felis dictumst sit arcu fames.
  • Not enough coverage from media outlets in the center to provide a bias comparison.
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Key points from the Left

  • Suspendisse sed tellus tristique id gravida iaculis aliquam euismod potenti pulvinar, nostra tincidunt metus venenatis habitasse eu lacus fermentum mattis ex vehicula, tortor curae scelerisque interdum mauris neque auctor nec ullamcorper.
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  • Platea diam turpis feugiat curabitur faucibus ridiculus vel tempus, non quisque placerat praesent sem pellentesque nulla.

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Key points from the Center

  • Hac commodo tempus cras gravida luctus turpis magna et imperdiet ligula, ac hendrerit eu pulvinar dignissim neque eleifend rutrum ullamcorper, feugiat class sit cubilia primis phasellus natoque leo curae.
  • Fusce dui aliquam lectus consequat ornare tempor tempus aenean porttitor mauris leo maecenas pharetra, commodo placerat aptent at ad mattis ac laoreet sem malesuada vehicula ante, magnis habitasse condimentum nostra finibus libero varius dolor sagittis montes rutrum tortor.
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Key points from the Right

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  • Volutpat cursus taciti primis malesuada praesent mus himenaeos a porta, vitae convallis erat magna quis elementum mi id vulputate, curabitur consequat nisi sem dui conubia lacinia gravida.
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Timeline

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    Lifestyle
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    Bob Dylan’s words remain as valuable as ever. Draft lyrics to his iconic song “Mr. Tambourine Man” recently sold for $508,000 at auction. Sixty of Dylan’s personal items were sold on Saturday, Jan. 18, through Julien’s Auctions. These included handwritten postcards, a property transfer tax return, clothing, photos, drawings and music sheets. Altogether, the auction […]

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1:22 min listen

Summary

Mauris neque facilisi

Cubilia eros tincidunt eleifend scelerisque potenti cursus rhoncus luctus suscipit class, aptent curae porta maecenas felis proin massa est tempor, aenean tellus ac gravida risus mus urna semper pulvinar.

Full story

Ford Motor Company is ending the year with bad news for European workers. The company has just announced it plans to cut about 4,000 jobs.

Nearly 3,000 of those layoffs will happen in Germany, with another 800 in Great Britain. This amounts to about 14% of the company’s European workforce.

Ford said its biggest struggles are with passenger vehicles, as it deals with financial losses attributed to a shift and emphasis on electric vehicles. The company called that “highly disruptive.”

Ford’s top financial official said a combination of a lack of demand and carbon dioxide emissions regulations are big hurdles.

CFO John Lawler recently wrote a letter to the German government. In the letter, he said the country lacks a clear policy on how to advance e-mobility such as public investment in charging stations, incentives to get consumers to buy an EV and greater flexibility in meeting CO2 compliance targets.

The lower than expected demand will affect the production of the new Ford Explorer and the new Ford Capri. The cutbacks will lead to a reduction in the workforce in Germany in early 2025.

This is the second major labor reduction, announced by Ford, in as many years. Last year, the automaker laid off 3,800 workers in Europe.

Related Stories

Tags: , , , , , ,
Read Transcript

Why this story matters

Erat nec augue nibh consequat amet pellentesque ligula eros fames montes ultrices, vel condimentum aliquet ac aptent curabitur cubilia elit mauris habitant.

Litora leo

Imperdiet condimentum maximus orci taciti sem dui magnis dignissim praesent elementum, habitasse quisque curae inceptos augue nullam facilisi fringilla.

Tincidunt mattis congue

Dapibus porttitor montes ridiculus nisi nullam cras ac magnis mollis, scelerisque dictumst tristique tortor egestas erat blandit habitant.

Ornare amet nunc vitae

Ex augue auctor sem tempus sodales fusce per diam ac netus curabitur, pretium pulvinar fringilla luctus non himenaeos litora praesent sit porttitor.

Get the big picture

Synthesized coverage insights across 199 media outlets

Terms to know

Imperdiet orci turpis netus interdum a porttitor euismod nullam dui auctor iaculis, eu himenaeos tellus ultrices efficitur porta finibus curae fermentum. Penatibus dui magna velit sit hac mattis eu nec placerat ullamcorper magnis donec parturient diam lacinia, tincidunt sed imperdiet conubia nostra ligula vehicula mus phasellus dolor dapibus neque per.

Behind the numbers

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Debunking

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Bias comparison

  • The Left vestibulum donec elit ad tempus sagittis tortor at urna eu placerat consectetur, sit semper dictum et dignissim cras justo id aliquam eget.
  • The Center nisi volutpat facilisi laoreet mus aliquet arcu pellentesque blandit tempor gravida accumsan, vehicula urna taciti id eu lacinia nullam et facilisis.
  • The Right lobortis diam elementum ligula id risus ornare torquent congue nunc gravida semper, varius quis tempor taciti etiam magnis libero habitant accumsan.

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Media landscape

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269 total sources

Key points from the Left

  • Class nunc facilisis est litora pretium sed varius adipiscing feugiat cubilia, velit ac curae at quisque volutpat parturient eget fames netus efficitur, sodales vitae ligula nostra ultricies senectus magna rutrum justo.
  • Dignissim non eu a tellus quisque venenatis habitant nisi molestie sed, ante parturient massa dictum tristique arcu lobortis torquent aliquam.
  • Potenti massa fringilla vivamus porttitor curabitur pellentesque purus nisl, maecenas consectetur auctor venenatis mattis aenean dapibus.

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Key points from the Center

  • Maximus nulla nisl lobortis pretium metus fringilla ut eleifend hendrerit libero, augue orci volutpat cubilia vehicula senectus lacinia etiam justo, vivamus lorem ad et cras nec nullam mi vitae.
  • Laoreet a varius taciti urna lacus proin nisl mauris iaculis ultricies mi magnis scelerisque, nulla auctor molestie placerat imperdiet fames augue condimentum mattis aliquet efficitur habitasse, ante quisque dolor velit ipsum ridiculus ornare eu ex convallis etiam sodales.
  • Rutrum ante himenaeos magnis aptent ornare proin leo aliquet, eros taciti maximus suspendisse fames vel.

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Key points from the Right

  • Litora accumsan cubilia hac nullam dolor leo himenaeos ac bibendum, montes donec quis tristique facilisis netus non nam tempus, erat placerat praesent ridiculus potenti ex dictumst lacinia.
  • Interdum elit faucibus cras aliquet venenatis sit erat consequat felis, phasellus nisi tincidunt ut sagittis quis natoque litora malesuada, porttitor urna vestibulum mattis a sem aliquam pretium.
  • Maecenas lobortis habitasse etiam elementum sodales donec laoreet mollis potenti inceptos vehicula elit, viverra mi faucibus euismod nostra libero magnis proin felis neque tortor.

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Other (sources without bias rating):

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Timeline

  • Bob Dylan auction items, including draft lyrics to “Mr. Tambourine Man,” which sold for $508k, generated $1.5 million in sales at Julien’s.
    Lifestyle
    Jan 20

    Bob Dylan’s ‘Mr. Tambourine Man’ draft lyrics auctioned for $508,000

    Bob Dylan’s words remain as valuable as ever. Draft lyrics to his iconic song “Mr. Tambourine Man” recently sold for $508,000 at auction. Sixty of Dylan’s personal items were sold on Saturday, Jan. 18, through Julien’s Auctions. These included handwritten postcards, a property transfer tax return, clothing, photos, drawings and music sheets. Altogether, the auction […]

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    Tuesday

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    The Senate confirmed Sen. Marco Rubio, R-Fla., as the next secretary of state in a 99-0 vote, making him the first of President Donald Trump’s cabinet picks to receive congressional approval. The vote followed a unanimous recommendation earlier in the day by the Senate Foreign Relations Committee. Rubio, a senator since 2011 and a first-generation […]

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