Ford to Cut 4,000 Jobs in Europe as Electric Vehicle Sales Slow
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Ford plans to cut 4,000 jobs in Europe due to slowing electric vehicle sales. This cost-cutting measure aims to help the company compete with Chinese rivals.
November 20, 2024 | 4:30 pm
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Ford is cutting 4,000 jobs in Europe to address slowing electric vehicle sales and enhance competitiveness against Chinese rivals.
The job cuts indicate a response to reduced demand in the electric vehicle market, which could negatively impact Ford's stock in the short term. The move is significant as it reflects strategic adjustments to maintain competitiveness.
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