Blood shed began in Ford of Europe.
BERLIN, Jan 20 (Reuters) - Ford plans to slash over a thousand jobs at its main German plant in Cologne, German autos publication Automobilwoche reported on Friday, citing unnamed sources.
https://www.yahoo.com/finance/news/ford-cut-over-1-000-165632252.html
I feel sad for our colleagues in Germany. They survived many FOE layoffs. UK colleagues took a big hit in the last around, now it is Germany’s turn. One thing that is going for them is an excellent benefit package.
3200 people will be laid off in Germany.
Update: The workers council told the employees in a workers meeting today that they expect a layoff of 2500 of 3800 employees in the development center plus 20% in the administrative areas.
FOE has been a unsustainable operation for decades. It must go.
It is right that they stopped development of any EU specific "small" ICE vehicles while - I think - they hope to cover EU with some top hat derivatives of their global EV-platforms. As a result there are too many people and not sufficient work in the EU development centers. Unfortunately even VW in Germany is still selling 90% ICE Vehicles while Ford is planning to cull most of them in EU until 2025. Instead Ford plans to offer Mustang, Ranger and Bronco as a kind of replacement but those cars are only interesting for a very small fraction of customers since they are simply too large. Massive loss of markets share will be the foreseeable outcome. The EU market is in a squeeze between what gouvernments want (EVs) and what the customers buy (ICEs). Ford seems to have no idea how to steer between these cliffs.
OMG. Blind fools. Stop believing the lies that the headcount reduction is for EV dev. Lawler made it clear 2 years ago, FMC must reduce salaried employees in NA, EU and to a degree Asia in order to reach financial targets to regain investor confidence. EU barely developes anything, Transit VXXX top of the list, and they surely do not need the headcount for it.
What everyone should prepare for are the massive PEPs coming in March and hopefully, the elimination of redundant LL3/4s. JF is not happy with Next and FLV, massive ( as in billions of $$$$ loss leader ), look at the org charts, RMs org decimated, not a good sign.
Ford will be loser in ev also. Tell me in 2030. Japanese car invasion in 70s will be same in 2030s except from china for EVs. Tesla is only speed bump Enronlike company.
will we have Ford in 2030?
Why are you surprised? ford is a loser in Europe. South America , India, and China. They can make any money on anything except trucks in USA. Ford will fall on its azz
It will affect everyone across the board the news outlets said. It is tied to electrification. The job losses of the new car era have begun.
Meanwhile, Germany has restricted electricity usage for BEV charging to 50Km/day in some parts of the country.
This will affect while collar jobs in the local development center (around 3800 employees working there) and in the administration. It is not related to manufacturing.