💨 Abstract

Ford, facing challenges in electric vehicle demand, government support, and Chinese competition, plans to cut 14% of its European workforce, primarily in Germany and Britain. The move affects around 4,000 jobs and may lead to a "tough confrontation" with unions in Germany. Ford has struggled with high costs and market conditions, prompting the job cuts and restructuring efforts.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖