Ford sheds thousands of jobs in Europe

London (CNN Business)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.

Add a Comment

Your email address will not be published. Required fields are marked *

error: Content is protected !!