Ford is shedding thousands of jobs in Europe

WPLG -

WPLG—Ford is cutting thousands of jobs, ending production of some models and closing a plant in Europe ahead of a possible alliance with market leader Volkswagen. The US carmaker announced the changes on Thursday, framing the restructuring as part of a global overhaul that the company has said will cost $11 billion. Ford (F) said it would end production of some unprofitable models and shift its strategy in difficult regional markets including Russia. The carmaker said it would proceed with plans to...

Ford Plans to Cut Thousands of Jobs Across Europe. The automaker, which has 68,000 employees in the region, including through joint ventures, is also reviewing its factory operations there.