Markets

Ford and JLR to cut thousands of jobs

Ford and JLR to cut thousands of jobs

Ford Motor Co. says it is cutting jobs in Europe in a wide-ranging restructuring as it focuses on its most profitable models and shifts production towards electric cars.

The US vehicle maker said it was starting consultations with union partners and stakeholders to create a "sustainably profitable business" in Europe.

Almost 1,000 job losses are expected at Ford's Bridgend engine plant in Wales, and the rest within Ford's transport operations, which will affect lorry drivers, the union said in a statement.

"We are taking decisive action to help deliver long-term growth, in the face of multiple geopolitical and regulatory disruptions as well as technology challenges facing the automotive industry", said JLR chief executive Ralf Speth.

Unite, Britain's biggest trade union said it was engaging with Ford in an effort to safeguard jobs.

New all-electric vehicles will be offered for all Ford models, while there will be a more "targeted" line up of models in the future.

Ford has roughly 53,000 employees in Europe.

Armstrong said any layoffs and plant closures at Ford would be subject to the outcome of formal negotiations with labour representatives, adding that he hoped that job cuts could be achieved by "voluntary means".

"In smaller vehicles the diesel decline is accelerating".

The redundancies come as part of the manufacturer's comprehensive transformation strategy aimed at strengthening the Ford brand and creating a sustainably profitable business in Europe.




Sources said the plans were for a total of 1,150 job losses in the United Kingdom, with nearly 1,000 at Bridgend and the rest at Ford's transport operations, which would affect lorry drivers.

Ford is planning to cut thousands of jobs in Europe as part of its restructuring plan.

Ford is also in talks with worker groups over the possibility of eliminating the production of two small minivan models now manufactured in Germany.

It's not clear how many people will lose their jobs, but a spokesperson told The New York Times it would be in the "thousands".

"If Brexit went in the wrong direction we would have to have another look, to mitigate that", Mr Armstrong said.

Ford of Europe will slash its workforce to improve its short-term profitability after losing US$199 million ($277 million) during the first three quarters of 2018.

Ford wants to cut 370 workers at an engine plant in south Wales in the first phase of nearly 1,000 job losses, BBC Wales understands.

"We are continuing to invest in the business, especially in electrified cars", said Armstrong.

The company is also expected to announce further details of what it calls "a potential alliance" with the Volkswagen Group within days, perhaps at the Detroit auto show next week.


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