Ford to Slash 1,000 Jobs at Cologne Plant as Weak EV Demand Hits Europe

0
Ford

US auto giant Ford said Tuesday it would cut up to 1,000 jobs at its plant in the German city of Cologne in the face of weak European demand for electric vehicles.

The plant would only work one shift a day from January 2026, Ford said, meaning positions would be subject to voluntary redundancy.

“Demand for electric vehicles in Europe remains significantly below sector forecasts,” the firm said.

“Ford will therefore switch production at the Cologne plant to one shift a day from January 2026.”

The plans come on top of 2,900 job cuts already announced in Germany as part of a programme to reduce costs across Europe.

Ford Workers On Strike

Workers went on strike before a deal was struck in July, which IG Metall union officials said would extend employment guarantees to more than 10,000 workers at the plant until 2032.

READ ALSO: US Imposes Strict Visa Rules Orders 5 Years Social Media Disclosure from Applicants

IG Metall did not immediately respond to AFP requests for comment.

Ford has spent $2 billion (2.3 billion euros) refitting the Cologne plant for EV production in anticipation of higher demand for low-emissions vehicles.

Ford

But EV sales in Europe have failed to take off in the face of high up-front costs and sparse charging infrastructure.

Battery-electric cars made up about 15 percent of car sales on the continent in the first half of the year.

About The Author

Please Share

Leave a Reply

Your email address will not be published. Required fields are marked *