Ford to Cut Thousands of Jobs in Europe, Eyes Plant Closures

 Ford Motor Co. will shed thousands of jobs at its European operations as part of a bid to return the business to profitability with a broad restructuring that could include shuttering factories.

The carmaker has struggled with an aging model lineup and a contracting market in the U.K., Ford’s biggest in Europe, which is in store for further disruption from Brexit. The manufacturer -- employing some 54,000 workers across the region mainly in Germany, the U.K. and Spain -- plans to cull less profitable models from its lineup and review its joint venture in Russia. In the U.S., it’s already dropping several sedans.

Steven Armstrong

Photographer: Alex Kraus/Bloomberg

“We are looking to make a step-change in the performance of the business,” Steven Armstrong, Ford’s head of Europe, said Thursday in an interview. “There’ll be significant impact across the region. We will be looking at all options,” including potential plant closures.


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