Mexican Media Brands
Ford Plans Staff Cuts in Europe
Ford Motor Co. says it will reduce labor costs in Europe by shedding several hundred salaried jobs through voluntary buyouts and using fewer temporary and contract employees.
#labor
Share
Ford Motor Co. says it will reduce labor costs in Europe by shedding several hundred salaried jobs through voluntary buyouts and using fewer temporary and contract employees.
The company has predicted its European operations will lose about $1 billion (€773 million) this year. Ford says the size of the salaried workforce reduction will depend on the acceptance rate for buyout offers.
The company also is launching new models to boost European volume and considering whether to close a plant in the region.
Ford sales across Europe in the first eight months of 2012 fell 12% year over year to 645,000 vehicles compared with a 7% decline industrywide, according to carmaker group ACEA.
RELATED CONTENT
-
VW, the Future & the End of “Conventional” Jobs
"In order to become a global provider of sustainable mobility, we are pressing ahead with future projects such as electromobility, digital connectivity and new mobility services, equipped with the necessary resolve and financing.”
-
UPDATE: UAW, GM Reach Tentative Labor Deal
General Motors Co. and the United Auto Workers union have reached a possible deal on a new four-year labor contract covering some 48,000 of the union’s hourly workers in the U.S.
-
Young Auto Engineers Say Their Employers Don’t Measure Up
Only one-third of U.S. automotive engineers below the age of 36 agree that their work experience matches the way their employers’ portray themselves publicly, according to new research.