According to reports, Ford is planning to cut up to 3,200 jobs across Europe as part of a cost-cutting plan. The cuts, which are expected to be announced in the coming weeks, are part of a restructuring plan that is intended to improve profitability and reduce costs.
The job losses are expected to affect Ford’s manufacturing operations in the UK, Germany, Spain and Romania, as well as its European headquarters in the Netherlands. The company has been struggling with a sales decline in Europe, which is its second-largest market after North America.
Ford has not commented on the reports, but is expected to make an announcement soon. The company is reportedly in talks with unions and other stakeholders in the affected countries about the planned cuts.