The American automotive giant Ford will be reducing its workforce by 4,000 jobs in Europe, the company has announced. The background is headwinds for the company's electric vehicle initiative in the European market, which means that 14 percent of the total workforce in Europe will now be let go.
Primarily, this concerns employees in Germany and the United Kingdom. Ford is not the only car manufacturer that is struggling right now. Both Volkswagen and the automotive group Stellantis have issued profit warnings in recent months.
