Ford (F) Plans to Continue Headcount Reduction in Europe [Yahoo! Finance]
Ford Motor Company (F)
Last ford motor company earnings: 4/28 04:09 pm
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Source: Yahoo! Finance
Per Benjamin Gruschka, head of the works council at Ford's Cologne plant, it is unclear how many jobs will be cut in Germany under the new restructuring plan. A decision is anticipated by the end of June. Ford has completed half of its previous restructuring plan, which involved cutting 2,300 jobs in Germany, reducing the workforce there to 13,000. Last year, the company announced it would cut 3,800 jobs in Europe as it transitions to electric vehicle production, which requires fewer workers. Recently, F announced plans to cut up to 1,600 additional jobs at its Valencia, Spain, assembly plant as part of this restructuring. The company has discontinued its high-selling but low-margin models like the Focus and Fiesta to focus on crossovers, SUVs, all-electric vehicles and light commercial vehicles. Full production of the Explorer battery-electric car began in Cologne on Jun 4, 2024, with a second electric model set to be unveiled on Jul 10, 2024. Per industry association ACEA,
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News
- Levi & Korsinsky Announces the Filing of a Securities Class Action on Behalf of Ford Motor Company(F) ShareholdersAccesswire
- F Investors Have Opportunity to Lead Ford Motor Company Securities Fraud LawsuitPR Newswire
- Shareholders that lost money on Ford Motor Company (F) Urged to Join Class Action - Contact Levi & Korsinsky to Learn MoreAccesswire
- FORD FRAUD UPDATE: Ford Motor Company Investors are Encouraged to Contact BFA Law before the Expiration of the October 7 Legal Deadline in Securities Fraud CaseAccesswire
- Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of October 7, 2024 in Ford Motor Company Lawsuit - FAccesswire
F
Earnings
- 7/24/24 - Miss
F
Sec Filings
- 9/13/24 - Form 8-A12B/A
- 9/13/24 - Form 8-K
- 9/12/24 - Form 8-K
- F's page on the SEC website