On Friday, the 15th of March 2015, US automaker Ford said that they had been exploring an option to cut over 5,000 jobs in Germany, alongside, they were also planning to reduce their workforces in Britain, as the company had been hankering on their overhaul attempts in order to return into profitability in Europe.
Ford, the multinational US automaker, headquartered in Detroit had issued a statement on Friday, the 15th of March 2019, saying that they had offered some kind of voluntary redundancy programs for their employees over Britain and Germany.
Today’s (March 15th) Ford statement had been a part of its turnaround policy announced last January, which was quoted saying that the recent reform of Ford over Europe and North America would involve thousands of job cuts, plant closures, alongside, discontinuation of loss-making vehicle-lines.
Citing an overhaul move to streamline their lineup either by improving or exiting less profitable vehicle lines, Ford said on Friday (March 15th), “Through these programs and other initiatives, Ford of Germany expects to reduce its headcount in excess of 5,000 jobs, including temporary staff”.
In fact, the recent move of US automaker did not come as a surprise, as Ford Europe had been bleeding money for years and pressing to restructure its operations.