• 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
Belgian Ex-Diplomat Challenges Order To Stand Trial Over 1961 Murder Of Lumumba

Belgian Ex-Diplomat Challenges Order To Stand Trial Over 1961 Murder Of Lumumba

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

Trump Gives Iran Additional 10 Days To Reopen Strait Of Hormuz

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

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

10 hours ago
South Africa Dropped From G7 Summit Invitation Amid US Pressure

France Denies Withdrawing South Africa’s G7 Invitation

13 hours ago
Nigerian Union Insists Igbo Leadership Roles In South Africa Are Purely Cultural

Nigerian Union Insists Igbo Leadership Roles In South Africa Are Purely Cultural

14 hours ago
Saturday, March 28, 2026
  • About
  • HT Management
  • Privacy Policy
Heritage Times
No Result
View All Result
Translate |
  • Login
  • Politics
    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

    35-Year-Old Rapper Set To Become Nepal’s Youngest Prime Minister

    35-Year-Old Rapper Set To Become Nepal’s Youngest Prime Minister

    Nguesso Set To Extend 4-Decades Rule As Congo Republic Votes Sunday

    Nguesso Set To Extend 4-Decades Rule As Congo Republic Votes Sunday

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

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

  • Economy
    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

    Senegal Exceeds Target, Raises $644 Million From Local Bond

    Senegal Denies Secret €650m Loan Deal, Defends Debt Strategy

    Russia’s Damaged Tanker To Be Moved From Mediterranean To Libya Port

    Russia’s Damaged Tanker To Be Moved From Mediterranean To Libya Port

    Ethiopia Revives Stock Exchange After 50-Year Hiatus

    Ethiopia Identifies Currency Swings, Inflation As Key Economic Threats

    Musk Offers To Offset Salaries Of US Airport Security Officials

    Musk Offers To Offset Salaries Of US Airport Security Officials

    Middle East Crisis Leaves African Airlines Battling Skyrocketing Running Costs

    Middle East Crisis Leaves African Airlines Battling Skyrocketing Running Costs

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
  • Politics
    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

    35-Year-Old Rapper Set To Become Nepal’s Youngest Prime Minister

    35-Year-Old Rapper Set To Become Nepal’s Youngest Prime Minister

    Nguesso Set To Extend 4-Decades Rule As Congo Republic Votes Sunday

    Nguesso Set To Extend 4-Decades Rule As Congo Republic Votes Sunday

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

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

  • Economy
    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

    Senegal Exceeds Target, Raises $644 Million From Local Bond

    Senegal Denies Secret €650m Loan Deal, Defends Debt Strategy

    Russia’s Damaged Tanker To Be Moved From Mediterranean To Libya Port

    Russia’s Damaged Tanker To Be Moved From Mediterranean To Libya Port

    Ethiopia Revives Stock Exchange After 50-Year Hiatus

    Ethiopia Identifies Currency Swings, Inflation As Key Economic Threats

    Musk Offers To Offset Salaries Of US Airport Security Officials

    Musk Offers To Offset Salaries Of US Airport Security Officials

    Middle East Crisis Leaves African Airlines Battling Skyrocketing Running Costs

    Middle East Crisis Leaves African Airlines Battling Skyrocketing Running Costs

  • 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

Belgian Ex-Diplomat Challenges Order To Stand Trial Over 1961 Murder Of Lumumba

Trump Gives Iran Additional 10 Days To Reopen Strait Of Hormuz

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

Belgian Ex-Diplomat Challenges Order To Stand Trial Over 1961 Murder Of Lumumba

Belgian Ex-Diplomat Challenges Order To Stand Trial Over 1961 Murder Of Lumumba

March 27, 2026
Trump Says Appointment Of New Iran’s Supreme Leader “Big Mistake”

Trump Gives Iran Additional 10 Days To Reopen Strait Of Hormuz

March 27, 2026
Taiwan Cites Visa Errors For Absence At Cameroon’s WTO Summit

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

March 27, 2026

France Denies Withdrawing South Africa’s G7 Invitation

Nigerian Union Insists Igbo Leadership Roles In South Africa Are Purely Cultural

DRC: Violence Against Journalists Escalates 

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