Ford to cut 800 UK jobs as electric car sales stall [Yahoo! Finance]
Ford Motor Company (F)
Last ford motor company earnings: 4/28 04:09 pm
Check Earnings Report
US:NYSE Investor Relations:
shareholder.ford.com
Company Research
Source: Yahoo! Finance
The company said it had to act because of difficult trading conditions, including intense competition and weak demand for electric vehicles. However, the cuts will not affect its manufacturing sites in Dagenham and Halewood, or its logistics base in Southampton. Ford said it hoped to make the majority of job cuts through voluntary redundancy. “Making this announcement isn't something that anybody wants to do, and I appreciate it will have a very significant impact on our employees,” said Lisa Brankin, managing director of Ford of Britain and Ireland. “It's not the news anyone wants to hear at any time. So our aim is to try to deliver this through voluntary redundancy." Ford has 5,300 employees in the UK. The restructuring plan will remove 15% of its workforce. The majority of them are expected to be administrative or product development roles. The company currently makes diesel engines for vans at its Dagenham factory in Essex. It builds gearboxes in Halewood and is in
Show less
Read more
Impact Snapshot
Event Time:
F
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
F alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
F alerts
High impacting Ford Motor Company news events
Weekly update
A roundup of the hottest topics
F
News
- Mexico acknowledges Ottawa's worry about Chinese auto plant, but says none exists [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Ford announces 4K job cut in EU amid 'highly disruptive' shift toward stricter EV emissions standards [FOX Business Network]FOX Business Network
- Skyryse, ACE partner to make hundreds of Black Hawk helicopters easy enough for anyone to fly [Yahoo! Finance]Yahoo! Finance
- Ford to reassign 400 assembly workers to nearby plants as Bronco sales drop [USA TODAY]USA TODAY
- Ford job cuts signal a bumpy road ahead for EV motor finance [Yahoo! Finance]Yahoo! Finance
F
Earnings
- 10/28/24 - Miss
F
Sec Filings
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- F's page on the SEC website