Home > Ford To Cut 12,000 Jobs By 2020

News
Ford To Cut 12,000 Jobs By 2020

Description

Ford said it will cut 12,000 jobs in Europe by the end of next year to try to return the business to profit. Ford Europe has been losing money for years, according to Reuters.com. Pressures to restructure increased after GM raised profits by selling it's Opel and Vauxhall brands to Peugeot. Ford said it would close three plants in Russia, one in France, and one in Wales. Ford also plans to cut shifts at factories in Valencia, Spain and Saarlouis, Germany. Ford’s manufacturing footprint will be reduced to 18 facilities by end-2020, from 24 today. About 12,000 jobs will be affected by the end of 2020 and around 2,000 of those are fixed salaried positions.

Added on the 27/06/2019 15:15:52 - Copyright : Wochit

To customise your video :

Or Create an account

More videos on the subject

  • Danone to cut up to 2,000 jobs, including "400 to 500" in France

    French agro-food giant Danone, badly hit by the Covid-19 pandemic, announces that it wants to cut up to 2,000 jobs at its headquarters in France and abroad. IMAGES of Danone France HQ

    23/11/2020 - AFPTV - First images
  • Renault’s restructuring plan to cut 15,000 jobs worldwide

    Paris, May 29 (EFE), (Camera: Yoan Valat).- Renault presented a restructuring plan on Friday that will cut some 15,000 jobs worldwide and trim annual costs by some 2 billion euros following a drop in sales as a result of the coronavirus pandemic.FOOTAGE OF THE USINE DE CHOISY-LE-ROI PLANT.

    29/05/2020 - EFE Inglés
  • Cisco to cut 14,000 jobs

    Cisco Systems is laying off about 14,000 employees, nearly twenty percent of its global workforce, according to sources close to the company. Bobbi Rebell reports.

    17/08/2016 - Reuters EN
  • Toshiba to cut 7,000 jobs

    Japan's Toshiba Corp is to cut nearly 7,000 consumer electronics jobs after a $1.3 billion accounting scandal. As Hayley Platt reports the overhaul is designed to streamline the sprawling conglomerate into a company focused on chips and nuclear energy.

    21/12/2015 - Reuters EN
  • Report: HSBC could cut up to 20,000 jobs

    Media reports say the global banking giant HSBC could slash up to 20,000 jobs next week as part of a massive corporate restructuring project. Tara Joseph reports.

    02/06/2015 - Reuters EN
  • Ford SuperVan 4.2 coming to Australia to conquer The Mountain at Repco Bathurst 12 Hour

    With 1400 horsepower being delivered to all four wheels, SuperVan 4.2 already has an impressive track pedigree. During its assault on the Pikes Peak International Hillclimb the all-electric racer finished second outright and first in class – smashing the class record in the process.This was thanks to a number of key upgrades since it was first revealed, as SuperVan 4.0, at the Goodwood Festival of Speed in 2022, including the shedding of almost 400kg of weight, an enhanced battery and electric motors, and a new aerodynamic package capable of generating two tonnes of downforce at 240km/h.

    22/01/2024 - Auto Moto EN

More videosNews

Watch video of  - DemainEntreprendre - épisode 12 - Label : Economie wallonne -
News

DemainEntreprendre - épisode 12

29/04/2021 12:55:32