Ford

Type
Internal restructuring
Country
Germany
Region
Nordrhein-Westfalen; Köln; Köln, Kreisfreie Stadt
Location of affected unit(s)
Cologne
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.1 - Manufacture of motor vehicles
29.1 - Manufacture of motor vehicles
1,300 jobs
Number of planned job losses
Job loss
Announcement Date
4 November 2005
Employment effect (start)
1 November 2005
Foreseen end date
31 December 2005

Description

The American carmaker Ford will cut 1,300 jobs at its factory in Cologne. Employees have received offers for early retirement or compensations. There shall be no direct dismissals. Ford's move is to increase the Cologne factory's competitiveness. Ford's mother company is suffering huge losses .

Sources

Citation

Eurofound (2005), Ford, Internal restructuring in Germany, factsheet number 62516, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62516.