• 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
Nigeria: Defence Minister Resigns

Nigeria: Defence Minister Resigns

1 hour ago
EU States United On Urgent Push To Strengthen Defense

EU States United On Urgent Push To Strengthen Defense

8 hours ago
ECOWAS Delegation Holds Talks With Guinea-Bissau Coup Leaders

ECOWAS Delegation Holds Talks With Guinea-Bissau Coup Leaders

9 hours ago
AfDB: Egypt To Receive $271 Agricultural Loan To Promote Food Security

AfDB Approves $500m Facility To Boost Nigeria’s Economic Reforms, Energy Transition

9 hours ago
African Leaders Push For Acknowledgement Of Colonial Era Crimes, Reparations

African Leaders Push For Acknowledgement Of Colonial Era Crimes, Reparations

10 hours ago
Tuesday, December 2, 2025
  • About
  • HT Management
  • Privacy Policy
Heritage Times
No Result
View All Result
Translate |
  • Login
  • Politics
    Zambia: Ex-President’s Daughter Loses Parliamentary Seat After Prolonged Absence

    Zambia: Ex-President’s Daughter Loses Parliamentary Seat After Prolonged Absence

    S/Africa: Ex-President Zuma’s Daughter To Appear In Court Over 2021 Deadly Riots

    South Africa: Ex-President Zuma’s Daughter Resigns As MP Over Alleged Human Trafficking

    Germany Wants Trump’s Decision To Exclude SA In G20 Summit Reversed

    Germany Wants Trump’s Decision To Exclude SA In G20 Summit Reversed

    Guinea-Bissau: Army General Inaugurated As Interim Leader After Coup

    Guinea-Bissau: Army General Inaugurated As Interim Leader After Coup

    AU, EU Pledge To Strength Trade Ties, Combat Illegal Migration

    AU, EU Pledge To Strength Trade Ties, Combat Illegal Migration

    Guinea-Bissau Gives Portuguese Journalists Aug. 19 Ultimatum To Leave

    BREAKING: Coup Hits Guinea-Bissau As Military Officers Detain President

    G20 Not About Washington, South Africa Slams US Boycott

    G20 Not About Washington, South Africa Slams US Boycott

    Brazil's Electoral Court Bars Bolsonaro From Office Until 2030

    Brazil: Bolsonaro Arrested After Trying to Destroy Ankle Monitor And Flee

    French President Visits Mauritius First Time Since 1993 In Tour Of Africa

    French President Visits Mauritius First Time Since 1993 In Tour Of Africa

  • Economy
    Gov. Douye Diri, Samuel Ogbuku And Others To Attend 5th Niger Delta MSME Summit In Bayelsa

    Gov. Douye Diri, Samuel Ogbuku And Others To Attend 5th Niger Delta MSME Summit In Bayelsa

    Senegal Moves To Avert Oil Spill As Turkish Vessel Shows Distress Signs

    Senegal Moves To Avert Oil Spill As Turkish Vessel Shows Distress Signs

    Nigeria: HCSF Urges New Permanent Secretaries To Champion Ethical Leadership

    Nigeria: HCSF Urges New Permanent Secretaries To Champion Ethical Leadership

    Canada: PM Carney Rolls Back Climate Rules To Boost Investment In Fossil Fuel

    Canada: PM Carney Rolls Back Climate Rules To Boost Investment In Fossil Fuel

    Nigeria: Bayelsa Launches Commercial Flight Operations With State-Owned Airline

    Nigeria: Bayelsa Launches Commercial Flight Operations With State-Owned Airline

    AfDB President Rallies Investors To Harness Africa’s Youth Potential

    AfDB President Rallies Investors To Harness Africa’s Youth Potential

    Nigeria Pushes AfCFTA Takeoff, Targets Opportunities In $3.4trn Market

    Nigeria Pushes AfCFTA Takeoff, Targets Opportunities In $3.4trn Market

    Tanzania Revives Talks For Construction Of Largest Seaport In East Africa

    Tanzania Revives Talks For Construction Of Largest Seaport In East Africa

    Malawi Mandates Tourists To Pay In Hard Currency To Mitigate Forex Crunch

    Malawi Mandates Tourists To Pay In Hard Currency To Mitigate Forex Crunch

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
  • Politics
    Zambia: Ex-President’s Daughter Loses Parliamentary Seat After Prolonged Absence

    Zambia: Ex-President’s Daughter Loses Parliamentary Seat After Prolonged Absence

    S/Africa: Ex-President Zuma’s Daughter To Appear In Court Over 2021 Deadly Riots

    South Africa: Ex-President Zuma’s Daughter Resigns As MP Over Alleged Human Trafficking

    Germany Wants Trump’s Decision To Exclude SA In G20 Summit Reversed

    Germany Wants Trump’s Decision To Exclude SA In G20 Summit Reversed

    Guinea-Bissau: Army General Inaugurated As Interim Leader After Coup

    Guinea-Bissau: Army General Inaugurated As Interim Leader After Coup

    AU, EU Pledge To Strength Trade Ties, Combat Illegal Migration

    AU, EU Pledge To Strength Trade Ties, Combat Illegal Migration

    Guinea-Bissau Gives Portuguese Journalists Aug. 19 Ultimatum To Leave

    BREAKING: Coup Hits Guinea-Bissau As Military Officers Detain President

    G20 Not About Washington, South Africa Slams US Boycott

    G20 Not About Washington, South Africa Slams US Boycott

    Brazil's Electoral Court Bars Bolsonaro From Office Until 2030

    Brazil: Bolsonaro Arrested After Trying to Destroy Ankle Monitor And Flee

    French President Visits Mauritius First Time Since 1993 In Tour Of Africa

    French President Visits Mauritius First Time Since 1993 In Tour Of Africa

  • Economy
    Gov. Douye Diri, Samuel Ogbuku And Others To Attend 5th Niger Delta MSME Summit In Bayelsa

    Gov. Douye Diri, Samuel Ogbuku And Others To Attend 5th Niger Delta MSME Summit In Bayelsa

    Senegal Moves To Avert Oil Spill As Turkish Vessel Shows Distress Signs

    Senegal Moves To Avert Oil Spill As Turkish Vessel Shows Distress Signs

    Nigeria: HCSF Urges New Permanent Secretaries To Champion Ethical Leadership

    Nigeria: HCSF Urges New Permanent Secretaries To Champion Ethical Leadership

    Canada: PM Carney Rolls Back Climate Rules To Boost Investment In Fossil Fuel

    Canada: PM Carney Rolls Back Climate Rules To Boost Investment In Fossil Fuel

    Nigeria: Bayelsa Launches Commercial Flight Operations With State-Owned Airline

    Nigeria: Bayelsa Launches Commercial Flight Operations With State-Owned Airline

    AfDB President Rallies Investors To Harness Africa’s Youth Potential

    AfDB President Rallies Investors To Harness Africa’s Youth Potential

    Nigeria Pushes AfCFTA Takeoff, Targets Opportunities In $3.4trn Market

    Nigeria Pushes AfCFTA Takeoff, Targets Opportunities In $3.4trn Market

    Tanzania Revives Talks For Construction Of Largest Seaport In East Africa

    Tanzania Revives Talks For Construction Of Largest Seaport In East Africa

    Malawi Mandates Tourists To Pay In Hard Currency To Mitigate Forex Crunch

    Malawi Mandates Tourists To Pay In Hard Currency To Mitigate Forex Crunch

  • 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

Nigeria: Defence Minister Resigns

EU States United On Urgent Push To Strengthen Defense

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

Nigeria: Defence Minister Resigns

Nigeria: Defence Minister Resigns

December 2, 2025
EU States United On Urgent Push To Strengthen Defense

EU States United On Urgent Push To Strengthen Defense

December 1, 2025

ECOWAS Delegation Holds Talks With Guinea-Bissau Coup Leaders

AfDB Approves $500m Facility To Boost Nigeria’s Economic Reforms, Energy Transition

African Leaders Push For Acknowledgement Of Colonial Era Crimes, Reparations

Nigeria: Tinubu Grants Asylum To Embattled Guinea-Bissau Opposition Candidate

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
AfriHeritage Magazine Issue 3 - Cover 1 AfriHeritage Magazine Issue 3 - Cover 1 AfriHeritage Magazine Issue 3 - Cover 1

Updates

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Nigeria: Defence Minister Resigns

Nigeria: Defence Minister Resigns

December 2, 2025
EU States United On Urgent Push To Strengthen Defense

EU States United On Urgent Push To Strengthen Defense

December 1, 2025
ECOWAS Delegation Holds Talks With Guinea-Bissau Coup Leaders

ECOWAS Delegation Holds Talks With Guinea-Bissau Coup Leaders

December 1, 2025
AfDB: Egypt To Receive $271 Agricultural Loan To Promote Food Security

AfDB Approves $500m Facility To Boost Nigeria’s Economic Reforms, Energy Transition

December 1, 2025
JESIN GAMES - AfriTrivia JESIN GAMES - AfriTrivia JESIN GAMES - AfriTrivia
ADVERTISEMENT

Most Recent

Nigeria: Defence Minister Resigns

December 2, 2025

EU States United On Urgent Push To Strengthen Defense

December 1, 2025

ECOWAS Delegation Holds Talks With Guinea-Bissau Coup Leaders

December 1, 2025

AfDB Approves $500m Facility To Boost Nigeria’s Economic Reforms, Energy Transition

December 1, 2025

African Leaders Push For Acknowledgement Of Colonial Era Crimes, Reparations

December 1, 2025

Nigeria: Tinubu Grants Asylum To Embattled Guinea-Bissau Opposition Candidate

December 1, 2025

Gov. Douye Diri, Samuel Ogbuku And Others To Attend 5th Niger Delta MSME Summit In Bayelsa

December 1, 2025

Cameroon: Opposition Leader Anicet Ekane Dies In Detention

December 1, 2025

About

Heritage Times HT stands as a beacon of pan-African journalism, dedicated to amplyfing the rich tapestry of voices and narratives across the continent. With unwavering commitment, we illuminate the evocative essence of Africa, offering a fresh perspective that captivates our global audience.

Featured

One Year of Transformative Stewardship: Walson-Jack’s Innovative Impact on Nigeria’s Civil Service

Africa’s Largest Tech Event, MWC25 Kigali, Returns With Focus On Innovation, Policy

Nadine Djuiko: Meet The Cameroonian Woman Behind Maryland’s Million-Dollar Braiding Empire

Connect

Connect with us on social media and receive timely updates on the go.

Get Updates

  • 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