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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.
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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.
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