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The automobile firm Ford will minimize greater than 2,000 jobs on the German areas in Cologne and Aachen. The Cologne improvement division is especially affected – regardless of investments.
The carmaker desires to half with 1,700 builders, plus 600 staff in administrative areas, the advertising and marketing division and gross sales.
Job cuts introduced in January
Ford employs a complete of 19,000 folks in Germany. Round 14,000 of those folks at present work in Cologne and round 200 within the Aachen analysis heart. The works council had already made the undertaking public in January and on the time even feared the lack of as much as 3,200 jobs in Cologne and Aachen.
The Cologne workforce doesn’t wish to hand over with out a battle:
Jobs are additionally being minimize in Nice Britain, and Ford desires to cut back its workforce in Europe by 3,800 women and men. On the best way to electromobility, round 4,000 staff in Europe are anticipated to lose their jobs by 2025.
Ford switched to electrical vehicles too late
The group missed its revenue targets final yr and desires to bear a radical remedy. CFO John Lawler had introduced “very aggressive” measures on the steadiness sheet presentation to cut back prices in manufacturing and within the provide chain. In Europe, fourth-quarter pre-tax losses widened to $400 million, double the year-ago determine on flat gross sales.
The automobile firm solely switched to an electrical course comparatively late. This yr, the primary Ford electrical vehicles manufactured in Europe are scheduled to roll off the manufacturing line in Cologne, whereas the combustion mannequin Fiesta can be discontinued.
Ford is investing billions in electrical manufacturing in Cologne, however with the plans which have now been made public, the cathedral metropolis is shedding significance as a Ford improvement location.
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