The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.1 - Manufacture Of Motor Vehicles
4,000 jobs Number of planned job losses
Announcement Date
20 November 2024
Employment effect (start)
20 November 2024
Foreseen end date
30 November 2027
Description
US-based automotive company Ford has announced that it will cut 4,000 jobs worldwide by the end of 2027.
The layoffs will primarily affect plants in Germany (2,900 jobs) and the United Kingdom (800 jobs), with an additional 300 reductions across other EU countries. This represents about 14% of Ford’s 28,000 European employees and 2.3% of its global workforce of 174,000. The programme will affect product development as well as administrative areas such as finance, human resources and government affairs. The conditions of the programme are negotiated with employee representatives according to local regulations.
The move is part of the automaker's strategy to reorganize its business in the region. The company aims to address the challenges of transitioning to electrified mobility amid regulatory pressures and evolving market demands.These measures follow a broader restructuring strategy to enhance Ford’s competitiveness in the EV market and align operations with the industry's shift toward sustainability.
The previous restructuring programme of Ford were recorded in the ERM events database: FORD-2023-WO FORD-2019-WO .
Eurofound (2024), Ford, Internal restructuring in World, factsheet number 202019, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/202019.
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