Ford plans to cut 2,900 jobs in Germany by the end of 2027 to cut costs, the US automaker said on Wednesday, as part of a wider overhaul of its operations in Europe.
The majority of the reductions will take place at a Ford plant in Cologne, where the company also has its European headquarters.
Ford has had a factory in the western German city for almost a century. The facility was transformed in recent years to produce electric cars after a $2 billion investment.
Ford is struggling with weak sales in Germany and Europe. Consumers’ reluctance to switch to electric cars and the end of government incentives in Germany pose a challenge for automakers.
Ford currently has around 11,500 jobs in Cologne, meaning around one in four jobs could be lost there, according to the local works council.
In total, Ford aims to cut 4,000 jobs in Europe, including 800 in Britain and 300 in EU countries outside Germany.
