London CNN —
Ford plans to cut almost 4,000 jobs in Europe over the next three years, about 14% of its workforce in the region, as the carmaker faces slowing demand for electric vehicles and rising competition from China.
The US company said Wednesday that the cuts would be completed by the end of 2027, pending consultations with labor unions, and would be concentrated in Germany and the United Kingdom.
“The global auto industry continues to be in a period of disruption, especially in Europe, where the industry faces unprecedented competitive, regulatory and economic headwinds,”
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