After a tax year that Ford's CEO Jim Hackett asked employees to forget, the cuts to the automaker's workforce come and America will not be spared. But America can wait, as the region is still a big profit generator. Other regions are not, and the automaker's ax has already fallen in South America.
Now it's Germany's turn, with Ford announcing the loss of "more than 5,000" workers in that country.
Ford's year-round operating profit (before special items) fell 28 percent in 2018, with its European, Chinese and South American businesses serving as balance boat tankers. The company's operations in Europe lost $ 398 million last year, a complete reversal of profits of $ 367 million registered in 2017.
A major European restructuring plan is already underway, with January featuring news on accelerated car models, and consolidating its UK business . On Friday, Ford urged the tip of violent work reductions, not just for Germany.
The 5,000 plus German cuts are expected to come from "voluntary redundancies and early retirement", a Ford spokesman told AFP . "The goal is to cut more than 5,000 jobs in the most socially responsible way."
"This announcement is part of the Ford restructuring announced in January
in Europe, with a view to returning to profitable business in Europe as soon as possible, continued the spokesman without mentioning how these cuts would Germany is hosting two body and assembly facilities (Cologne, Saarlouis) and a R&D center in Aachen, a desirable version of a model Ford that is no longer offered in America is built in that country.
The approximately 53,000 workers that Ford uses in Europe are around 24,000 of them in Germany, and Ford also said more job losses can be expected in the UK, with AFP reporting 1,150 few pink tie, according to UK Union Unite. 19659002] [Image: Ford]