• 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: Tinubu Complains Of Blackout At Plateau Airport During Condolence Visit 

Nigeria: Tinubu Complains Of Blackout At Plateau Airport During Condolence Visit 

18 hours ago
Ghana Throws Open Borders To Africans, As Visa-Free Entry Begins May 25

Ghana Throws Open Borders To Africans, As Visa-Free Entry Begins May 25

18 hours ago
Trump Sacks Attorney General, Appoints Ex-Personal Lawyer As Replacement

Trump Sacks Attorney General, Appoints Ex-Personal Lawyer As Replacement

20 hours ago
US Lifts Sanctions On Venezuela’s Rodríguez In Diplomatic Shift

US Lifts Sanctions On Venezuela’s Rodríguez In Diplomatic Shift

21 hours ago
Nigeria: Three Ghanaian Stowaways Nabbed In Crackdown On Illegal Sea Migration

Nigeria: Three Ghanaian Stowaways Nabbed In Crackdown On Illegal Sea Migration

21 hours ago
Friday, April 3, 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
    Mozambique Clears IMF Loan Before Due Date

    Mozambique Clears IMF Loan Before Due Date

    UK: Mortgage Shock Looms As 1.8m Borrowers Face Sharp Repayment Surge In 2026

    UK: Mortgage Shock Looms As 1.8m Borrowers Face Sharp Repayment Surge In 2026

    Kenya: Eight Million Kilograms Of Tea Trapped As Iran War Hits Export

    Kenya: Eight Million Kilograms Of Tea Trapped As Iran War Hits Export

    First Oil Vessel Arrives Cuba Since Beginning Of 2026 Amid Energy Crisis

    First Oil Vessel Arrives Cuba Since Beginning Of 2026 Amid Energy Crisis

    UK: Thousands Of Jobs Under Threat As Starmer Mulls Scrapping NHS

    UK To Host 35-Nation Coalition Talks On Reopening Strait Of Hormuz

    UAE, US Join Bandwagon, Ban Flights From Southern Africa

    Airlines Enter Crisis Mode As Iran War Sends Jet Fuel Prices Soaring

    Upgrade Of Nigeria’s Airport Infrastructure No More Optional — WTO DG

    Upgrade Of Nigeria’s Airport Infrastructure No More Optional — WTO DG

    Ghana’s Inflation Rate Drops To 35.2% In October, Lowest In 14 Months

    Ghana: Inflation Drops To 3.2% 

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

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

  • 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
    Mozambique Clears IMF Loan Before Due Date

    Mozambique Clears IMF Loan Before Due Date

    UK: Mortgage Shock Looms As 1.8m Borrowers Face Sharp Repayment Surge In 2026

    UK: Mortgage Shock Looms As 1.8m Borrowers Face Sharp Repayment Surge In 2026

    Kenya: Eight Million Kilograms Of Tea Trapped As Iran War Hits Export

    Kenya: Eight Million Kilograms Of Tea Trapped As Iran War Hits Export

    First Oil Vessel Arrives Cuba Since Beginning Of 2026 Amid Energy Crisis

    First Oil Vessel Arrives Cuba Since Beginning Of 2026 Amid Energy Crisis

    UK: Thousands Of Jobs Under Threat As Starmer Mulls Scrapping NHS

    UK To Host 35-Nation Coalition Talks On Reopening Strait Of Hormuz

    UAE, US Join Bandwagon, Ban Flights From Southern Africa

    Airlines Enter Crisis Mode As Iran War Sends Jet Fuel Prices Soaring

    Upgrade Of Nigeria’s Airport Infrastructure No More Optional — WTO DG

    Upgrade Of Nigeria’s Airport Infrastructure No More Optional — WTO DG

    Ghana’s Inflation Rate Drops To 35.2% In October, Lowest In 14 Months

    Ghana: Inflation Drops To 3.2% 

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

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

  • 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: Tinubu Complains Of Blackout At Plateau Airport During Condolence Visit 

Ghana Throws Open Borders To Africans, As Visa-Free Entry Begins May 25

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: Tinubu Complains Of Blackout At Plateau Airport During Condolence Visit 

Nigeria: Tinubu Complains Of Blackout At Plateau Airport During Condolence Visit 

April 2, 2026
Ghana Throws Open Borders To Africans, As Visa-Free Entry Begins May 25

Ghana Throws Open Borders To Africans, As Visa-Free Entry Begins May 25

April 2, 2026
Trump Sacks Attorney General, Appoints Ex-Personal Lawyer As Replacement

Trump Sacks Attorney General, Appoints Ex-Personal Lawyer As Replacement

April 2, 2026

US Lifts Sanctions On Venezuela’s Rodríguez In Diplomatic Shift

Nigeria: Three Ghanaian Stowaways Nabbed In Crackdown On Illegal Sea Migration

Mozambique Clears IMF Loan Before Due Date

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