Due to difficult market conditions in Europe, Ford stopped the production of its popular models such as Fiesta and Mondeo. Now it has been revealed that he will start layoffs.
Ford is downsizing its operations in Europe. Following declining sales and discontinuation of popular models, the company there will be layoffs He made a statement.
Ford, workforce in Europe approximately plans to lay off 14% and announced that they expect these layoffs to be completed by 2027.
Electric vehicle demand shakes Ford’s plans
Ford’s approx. Plans to lay off 4000 people It also made a big impact in the automotive market. These cuts, especially in the United Kingdom and Germany, mean that the company has suffered significant losses in recent years. challenges in the automotive market We can say that it is related. According to Ford’s statement, factors such as the transition to electric vehicles and new competition were also effective in these losses. However, the company does not attribute the huge decline in sales only to external factors and also draws attention to its internal problems.
In Europe, strict emission regulations for internal combustion engine vehicles electric vehicle demand ve Increasing competition from Chinese automakers Facing difficulties such as Ford, its popular models Fiesta and Production of Mondeo was stopped. It has also stated that it will reduce production targets for new electric vehicles such as Capri and Explorer, but it is doubtful whether these moves will be enough to stop the company’s bleeding in Europe.
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