AUTOMOBILE
Automakers are under pressure to reduce costs due to rising costs for battery components for electric vehicles and anticipated slowdowns in the US.
Ford Motor, a US-based automaker, is to slash up to 3,200 positions throughout Europe, with employees in Germany being the hardest hit. According to the IG Metall union in Germany, the firm is apparently intending to shift certain product development work to the United States.
If the cuts are implemented, the union threatened to disrupt the automaker across Europe.
In the second part of last year, Ford laid off 3,000 workers, the majority of whom were in the US. These moves are followed by layoffs throughout Europe, as per the reports by Reuters.
“We absolutely have too many people in some places, no doubt about it,” Farley told analysts in July after the layoff news broke.
“We have skills that don’t work any more, and we have jobs that need to change.”
Automakers are under pressure to reduce costs due to rising costs for the materials used in electric vehicle batteries and anticipated slowdowns in the U.S. and European economies. This pressure has increased as a result of the EV price war started by Tesla Inc earlier this month, according to experts.
IG Metall told, up to 2,500 product development jobs and up to 700 administrative positions could be eliminated by the corporation, with German facilities being the most severely impacted.
(Also Read: 3 Hindu temples vandalized in Australia in last 2 weeks, are pro-Khalistan groups behind these attacks?)
At works council meetings on Monday, employees at the American automaker's Cologne facility, which employs around 14,000 people overall, including 3,800 at a development centre in the Merkenich district, were informed of the plans, reported Business Today.
The spokesperson for Ford in Germany declined to comment, citing a statement released on Friday that stated the company would withhold further comment until final plans were in place and that the transition to the production of electric vehicles (EVs) needs structural adjustments.
Ford announced a $2 billion investment earlier this year to increase manufacturing at its Cologne factory in order to produce an all-electric model for the mainstream market. The Ford Fiesta, as well as its engines and transmissions, are currently produced at the site.
As part of a significant EV push on the continent, the automaker, which employs around 45,000 people in Europe, is planning seven new electric models in the region, a battery assembly site in Germany, and a joint venture for the production of nickel cells in Turkey.
Delhi: All primary schools closed, classes shifted to online mode due to rising pollution levels
BIG trouble for Anil Ambani, criminal charges against his Rs 14422 crore company over...
Bhool Bhulaiyaa 3 producer calls Singham Again team 'unfair' after the box office win
From Play to Pay, Gaming Is Big Business And A Genuine Professional Prospect
Leasehold vs Freehold: Exploring Options for Expats and Investors in Dubai
Mukesh Ambani's Reliance, Disney complete Rs 70352 crore media merger, to be headed by...
Badshah lands in legal trouble, case registered against rapper for...
GRAP III imposed in Delhi: What is allowed, what is banned amid 'severe' air quality
'Throwing me in deep end': Ricky Ponting takes fresh dig at Gautam Gambhir over Virat Kohli remarks
Revolutionizing Inventory Management in the Cloud Era: Pradeep Kumar’s Strategic Innovations
Delhi: AAP's Mahesh Khichi elected mayor as party defeats BJP in MCD polls
Delhi Air Pollution: GRAP 3 to be imposed in national capital from Nov 15, strict ban on...
WATCH: Inside Rinku Singh's Rs 3.5 crore luxurious house with rooftop bar, private pool
Renowned Yoga Guru Sharath Jois passes away at 53 after suffering heart attack
NASA alert! Giant 'God Of Chaos' asteroid set for close approach to Earth, may trigger astroquakes
UPPSC protest BIG update: RO-ARO exam postponed, PCS prelims to be held in one day
This man earned more money than Mukesh Ambani and world's richest man Elon Musk in one day, he is...
'World's best....': Japan vlogger's reaction to Bengaluru airport goes viral
Sania Mirza named Sports Ambassador of THIS city, not Delhi, Hyderabad, Jaipur
Shloka Mehta turns heads in sleek white gown at Tira store launch, see pics
Amid Abhishek Bachchan and Aishwarya Rai divorce rumours, Jaya Bachchan surprises everyone with...
IND vs SA: Arshdeep Singh goes past Bhuvneshwar Kumar to become Indian pacer with most....
Mukesh Ambani, Isha Ambani’s luxury retail chain opens new store at...
PM Modi to receive Dominica’s highest national award for...
Shraddha Kapoor says people with big foreheads are…
'Busy making...': Kanhaiya Kumar sparks row with remarks on Devendra Fadnavis' wife; BJP hits back
'Full baarati vibes': Vietnamese man's epic 'nagin dance' steals show at Mumbai event
Tilak Varma credits THIS player for his century against South Africa, says 'He gave me...'
UPSC IFS Mains Admit Card 2024 to be released today at upsc.gov.in, check direct link to download
'Be prepared for...': Rupali Ganguly's stepdaughter Esha Verma REACTS to Rs 50 crore defamation case
Saudi, Iran: Cautious dance toward détente?
Anushka Sharma shares glimpse of Children’s Day special dish for daughter Vamika, son Akaay
Jaw-dropping! Man wraps massive green anaconda around his shoulders, internet says...
Donald Trump plans to end Russia-Ukraine war with THIS move, is expected to 'soon' appoint...
As pollution worsens in Delhi with AQI at 'severe' level, experts at COP29 urge India to...
SDM Assault Case: 60 people arrested in Rajasthan's Tonk
Veg thali cost more than non-veg thali in October, here's why
Land drug trafficking patterns in North-Eastern Region
Shillong Teer Result November 14, 2024: Know updates on lucky winning numbers
Mukesh Ambani's SUPERHIT offer for Jio users: Get unlimited validity for 84 days at just Rs...
Delhi air quality dips to 'severe' category as AQI nears dangerous...
Bigg Boss OTT-fame Bhojpuri actress Akshara Singh receives extortion threat
‘All I do is…’: After Arjun Kapoor confirms breakup with Malaika Arora, her cryptic video goes viral