Ford Motor to lay off 14% of Europe employees amid weak EV demand and tough Chinese competition

Ford will cut 4,000 jobs, nearly 2.3 per cent of its total workforce of 174,000, primarily in Germany and Britain, to reduce costs as the industry faces challenges like EVs being too expensive for consumers to buy. The company said the layoffs would happen by the end of 2027, reported Reuters. 
Read The Rest at :