Ford cuts European workforce by 4,000, mostly in Germany and Britain [Yahoo! Finance]
Ford Motor Company (F)
Last ford motor company earnings: 4/28 04:09 pm
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Source: Yahoo! Finance
Ford framed the cuts as a restructuring "to create a more cost-competitive structure and ensure the long-term sustainability and growth of its business in Europe." "It is critical to take difficult but decisive action to ensure Ford's future competitiveness in Europe," said Dave Johnston, Ford's European vice president for Transformation and Partnerships, in a statement. He added Ford has been in Europe for more than a hundred years and is "committed to building a thriving business in Europe for generations to come." Ford said its passenger vehicle business in Europe has had significant losses in recent years. "The global auto industry continues to be in a period of disruption, especially in Europe, where the industry faces unprecedented competitive, regulatory, and economic headwinds," Ford said in statement. The company said the global auto industry "continues to be in a period of disruption, especially in Europe, where the industry faces unprecedented competitive, regula
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- Ford to reassign 400 assembly workers to nearby plants as Bronco sales drop [USA TODAY]USA TODAY
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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