• Latest
  • Trending
  • All
  • Politics
  • Economy
  • Security
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Opinion
  • Columns
  • Exposé
  • World
  • Lifestyle
Ford To Lay Off Over 4,000 Staff In Europe

Ford To Lay Off Over 4,000 Staff In Europe

1 year ago
52 Years After, DR Congo Secures World Cup Qualification

52 Years After, DR Congo Secures World Cup Qualification

4 hours ago
US Gas Price Rises Above $4 For First Time In Four Years

US Gas Price Rises Above $4 For First Time In Four Years

12 hours ago
Sweden Phases Out Development Aid To Zimbabwe, Mozambique In Priorities Shift

Zambia, Sweden Seal Pact To Institutionalize High-Level Political Consultations

12 hours ago
Nigeria To Scrap Visa-On-Arrival Policy By April Over Security Concerns

Nigeria Flags Migration Crisis As 840,000 Foreigners Overstay Visas — Interior Minister

12 hours ago
Trump Launches Major Combat Operation In Iran Over Nuclear Programmes

Iran Vows To Target US Tech Firms If More Leaders Are Killed

12 hours ago
Wednesday, April 1, 2026
  • About
  • HT Management
  • Privacy Policy
Heritage Times
No Result
View All Result
Translate |
  • Login
  • Politics
    CAR: President Touadéra Sworn-In For Third Term After Disputed Polls

    CAR: President Touadéra Sworn-In For Third Term After Disputed Polls

    Norway Police File Charges Over Oil Bribery Involving Congo Republic President’s Family

    Congo: Constitutional Court Upholds Election Of 82-Year-Old N’Guesso For Fifth Term

    Senegal Says Ex-President Sall Has No Home Support For UNSG Candidacy

    Senegal Says Ex-President Sall Has No Home Support For UNSG Candidacy

    South Africa Dropped From G7 Summit Invitation Amid US Pressure

    South Africa Dropped From G7 Summit Invitation Amid US Pressure

    Zimbabwe: Cabinet Moves To Extend 83-Yr-Old Mnangagwa’s Tenure Beyond 2028

    Zimbabwe: Opposition Figure Challenging Mnangagwa’s Tenure Extension Arrested

    Madagascar: Ministerial Applicants To Undergo Compulsory Lie Detector Tests — President

    Madagascar: Ministerial Applicants To Undergo Compulsory Lie Detector Tests — President

    Congo: Voting Ends As Observers Report Low Turnout

    Congo: Voting Ends As Observers Report Low Turnout

    French Foreign Minister Visits CAR To Renew Ties

    French Foreign Minister Visits CAR To Renew Ties

    Opposition Leader, Bobi Wine Flees Uganda, Cites Rising Threats

    Opposition Leader, Bobi Wine Flees Uganda, Cites Rising Threats

  • Economy
    US Gas Price Rises Above $4 For First Time In Four Years

    US Gas Price Rises Above $4 For First Time In Four Years

    Lesotho Eyes Bigger Deal In $300m Water Trade With South Africa

    Lesotho Eyes Bigger Deal In $300m Water Trade With South Africa

    South Africa Announces Temporary Cut In Fuel Levy To Stop Further Pump Price Hikes

    South Africa Announces Temporary Cut In Fuel Levy To Stop Further Pump Price Hikes

    AfDB To Boost Sustainable Agriculture In Morocco With $116 Million Loan

    African Economy Already Weak Before Middle East Crisis — AfDB

    Morocco: Tangier Port Expands Capacity As Gulf Crisis Disrupts Global Shipping Routes

    Morocco: Tangier Port Expands Capacity As Gulf Crisis Disrupts Global Shipping Routes

    Trump Says Appointment Of New Iran’s Supreme Leader “Big Mistake”

    Trump Gives Iran Additional 10 Days To Reopen Strait Of Hormuz

    Taiwan Cites Visa Errors For Absence At Cameroon’s WTO Summit

    Taiwan Cites Visa Errors For Absence At Cameroon’s WTO Summit

    WTO DG Calls For Rejig Of Trade Rules To Meet Up With Current Realities

    WTO DG Calls For Rejig Of Trade Rules To Meet Up With Current Realities

    Life Expectancy In Nigeria Remains Below Global Standard At 54.6 Years

    Only 6% Of Nigerians Feel Financially Secure Despite Easing Inflation, Survey Finds

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
  • Politics
    CAR: President Touadéra Sworn-In For Third Term After Disputed Polls

    CAR: President Touadéra Sworn-In For Third Term After Disputed Polls

    Norway Police File Charges Over Oil Bribery Involving Congo Republic President’s Family

    Congo: Constitutional Court Upholds Election Of 82-Year-Old N’Guesso For Fifth Term

    Senegal Says Ex-President Sall Has No Home Support For UNSG Candidacy

    Senegal Says Ex-President Sall Has No Home Support For UNSG Candidacy

    South Africa Dropped From G7 Summit Invitation Amid US Pressure

    South Africa Dropped From G7 Summit Invitation Amid US Pressure

    Zimbabwe: Cabinet Moves To Extend 83-Yr-Old Mnangagwa’s Tenure Beyond 2028

    Zimbabwe: Opposition Figure Challenging Mnangagwa’s Tenure Extension Arrested

    Madagascar: Ministerial Applicants To Undergo Compulsory Lie Detector Tests — President

    Madagascar: Ministerial Applicants To Undergo Compulsory Lie Detector Tests — President

    Congo: Voting Ends As Observers Report Low Turnout

    Congo: Voting Ends As Observers Report Low Turnout

    French Foreign Minister Visits CAR To Renew Ties

    French Foreign Minister Visits CAR To Renew Ties

    Opposition Leader, Bobi Wine Flees Uganda, Cites Rising Threats

    Opposition Leader, Bobi Wine Flees Uganda, Cites Rising Threats

  • Economy
    US Gas Price Rises Above $4 For First Time In Four Years

    US Gas Price Rises Above $4 For First Time In Four Years

    Lesotho Eyes Bigger Deal In $300m Water Trade With South Africa

    Lesotho Eyes Bigger Deal In $300m Water Trade With South Africa

    South Africa Announces Temporary Cut In Fuel Levy To Stop Further Pump Price Hikes

    South Africa Announces Temporary Cut In Fuel Levy To Stop Further Pump Price Hikes

    AfDB To Boost Sustainable Agriculture In Morocco With $116 Million Loan

    African Economy Already Weak Before Middle East Crisis — AfDB

    Morocco: Tangier Port Expands Capacity As Gulf Crisis Disrupts Global Shipping Routes

    Morocco: Tangier Port Expands Capacity As Gulf Crisis Disrupts Global Shipping Routes

    Trump Says Appointment Of New Iran’s Supreme Leader “Big Mistake”

    Trump Gives Iran Additional 10 Days To Reopen Strait Of Hormuz

    Taiwan Cites Visa Errors For Absence At Cameroon’s WTO Summit

    Taiwan Cites Visa Errors For Absence At Cameroon’s WTO Summit

    WTO DG Calls For Rejig Of Trade Rules To Meet Up With Current Realities

    WTO DG Calls For Rejig Of Trade Rules To Meet Up With Current Realities

    Life Expectancy In Nigeria Remains Below Global Standard At 54.6 Years

    Only 6% Of Nigerians Feel Financially Secure Despite Easing Inflation, Survey Finds

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
No Result
View All Result
First with the News

Ford To Lay Off Over 4,000 Staff In Europe

November 21, 2024
in Top Stories, World
0
0
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

By Ebi Kesiena

Ford has announced plans to reduce its European workforce by 4,000 employees, primarily in Germany and the UK, citing ongoing financial losses, weaker-than-expected demand for electric vehicles (EVs), and competition from subsidized Chinese manufacturers.

Relatedreading

52 Years After, DR Congo Secures World Cup Qualification

US Gas Price Rises Above $4 For First Time In Four Years

In a statement on Wednesday, the layoffs, amounting to 14% of Ford’s European workforce, reflect mounting challenges in the automotive sector as high EV prices deter consumers and government support for the transition to e-mobility wanes.

Germany, Europe’s largest economy, will be hardest hit, with 2,900 job losses focused on Ford’s Cologne plant. Production of EV models like the Explorer and Capri will also be scaled back. The UK will see 800 job cuts, while the restructuring is expected to be completed by the end of 2027, pending union consultations.

Ford Europe Vice President, Peter Godsell attributed the layoffs to rising costs and slower EV adoption, stating, “Weaker demand for electric vehicles than we had previously forecast and challenges about our operating costs, require decisive action.”

The automaker has also called on the German government for stronger support, including investments in charging infrastructure and renewed EV subsidies. Ford CFO John Lawler criticized the lack of a clear e-mobility strategy, highlighting the impact of Germany’s termination of EV subsidies in December, which contributed to a 28.6% drop in EV sales in 2024.

Ford has been restructuring its European operations, cutting 3,800 jobs earlier in 2023 and planning to close its Saarlouis plant in 2025.

As the EU imposes tariffs on Chinese-made EVs over subsidy concerns, Ford’s German division Managing Director Marcus Wassenberg emphasized that high labor and energy costs in Germany further challenge competitiveness in a rapidly evolving industry.

ShareTweetSend
Previous Post

Former UK Deputy Prime Minister, Prescott Dies At 86

Next Post

UK Imposes Travel Ban On Daughter Of Angola’s Former President, Freezes Assets

Related Posts

52 Years After, DR Congo Secures World Cup Qualification

52 Years After, DR Congo Secures World Cup Qualification

April 1, 2026
US Gas Price Rises Above $4 For First Time In Four Years

US Gas Price Rises Above $4 For First Time In Four Years

March 31, 2026
Sweden Phases Out Development Aid To Zimbabwe, Mozambique In Priorities Shift

Zambia, Sweden Seal Pact To Institutionalize High-Level Political Consultations

March 31, 2026

Nigeria Flags Migration Crisis As 840,000 Foreigners Overstay Visas — Interior Minister

Iran Vows To Target US Tech Firms If More Leaders Are Killed

Senegal: President Faye Approves 10-Year Jail Term For Same-Sex Relations

Next Post
UK Imposes Travel Ban On Daughter Of Angola’s Former President, Freezes Assets

UK Imposes Travel Ban On Daughter Of Angola’s Former President, Freezes Assets

Please login to join discussion
  • About
  • HT Management
  • Privacy Policy

© 2025 Heritage Times (HT) Media.

No Result
View All Result
  • Welcome
  • Politics
  • Economy
  • Security
  • Exposé
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Columns
    • Opinion
  • World
  • __________________
  • Make a Donation
  • Photo Speaks
  • Videos
  • You-Report
  • Whistleblower
  • Advertise
  • HT Events
  • HT Management
  • About HT
  • Contact us

© 2025 Heritage Times (HT) Media.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In