Ford to cut 14% of European jobs, blaming EV shift and rising competition
- Posted on November 20, 2024
- By CNBC
- 3 Views
Ford to cut 14% of European jobs, blaming EV shift and rising competition
Ford said on Wednesday it would cut around 14% of its European workforce, blaming significant losses in recent years compounded by weak demand for electric vehicles, a lack of government support for the shift to EVs, and rising competition.
