• 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
Ghana’s Foreign Minister Visits Ghanaian Prisoners Of War In Ukraine

Ghana’s Foreign Minister Visits Ghanaian Prisoners Of War In Ukraine

1 hour ago
WEF President Børge Brende Resigns Following Review Of Epstein Contacts

WEF President Børge Brende Resigns Following Review Of Epstein Contacts

2 hours ago
Gunman, Covid-19 and My Family

Tinubu and the NNPCL House of Cards

12 hours ago
Guinea: Junta Leader Doumbouya Takes Early Lead In Presidential Poll

Guinea Accuses Detained Sierra Leonean Soldiers Of Violating Its Space

18 hours ago
S/A: Five Arrested, Including Airport Staff, For Allegedly Smuggling Drugs Into Australia

Nigerian Arrested At Freetown Airport With Cocaine

19 hours ago
Thursday, February 26, 2026
  • About
  • HT Management
  • Privacy Policy
Heritage Times
No Result
View All Result
Translate |
  • Login
  • Politics
    Sudan Slams Uganda For Hosting RSF Paramilitary Commander

    Sudan Slams Uganda For Hosting RSF Paramilitary Commander

    Tunisia: President Said Jails Lawmaker Who Mocked Him On Facebook

    Tunisia: President Said Jails Lawmaker Who Mocked Him On Facebook

    Zimbabwe Pays First Compensation To White Farmers Affected By Land Reforms

    Zimbabwe: War Veterans Head To Court, Challenge Mnangagwa’s Tenure Extension  

    Trump’s New Ambassador Arrives South Africa Amid Frosty Relations

    Trump’s New Ambassador Arrives South Africa Amid Frosty Relations

    Obama Slams Trump Over Racist Video

    Obama Slams Trump Over Racist Video

    Nigeria: Electoral Commission Fixes Presidential Poll February 20, 2027

    Nigeria: Electoral Commission Fixes Presidential Poll February 20, 2027

    AU Rejects Israel’s Recognition Of Somaliland As Independent Nation

    AU Rejects Israel’s Recognition Of Somaliland As Independent Nation

    Morocco Wins Seat On AU Peace And Security Council

    Morocco Wins Seat On AU Peace And Security Council

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

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

  • Economy
    WEF President Børge Brende Resigns Following Review Of Epstein Contacts

    WEF President Børge Brende Resigns Following Review Of Epstein Contacts

    Zimbabwe: Governing Party Plans 2 Years Extension Of President’s Term

    Zimbabwe Bans Export Of Raw Minerals, Lithium Concentrates

    World Bank Advocates Debt Relief For Countries Owing Over $8.7trn

    World Bank Targets $6bn Concessional Funding To Revive Mozambique’s Economy

    Nigeria Rises To Fifth In Africa’s Solar Rankings As Adoption Grows

    Egypt Ranks Third In Africa For Solar Energy Capacity In 2025

    Zimbabwe’s Local Content Drive Is Saving Govt US$500m Annually

    Zimbabwe’s Local Content Drive Is Saving Govt US$500m Annually

    US Supreme Court Rules Trump’s Global Tariffs As Illegal

    US Supreme Court Rules Trump’s Global Tariffs As Illegal

    Malawi: Suspects Who Used Hearse To Smuggle Charcoal Escape Custody

    Malawi: Suspects Who Used Hearse To Smuggle Charcoal Escape Custody

    Erdogan Visits Ethiopia After 11 Years, Signs Energy Cooperation

    Erdogan Visits Ethiopia After 11 Years, Signs Energy Cooperation

    Kenya: Strike Grounds Flights At Jomo Kenyatta Airport

    Kenya: Strike Grounds Flights At Jomo Kenyatta Airport

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
  • Politics
    Sudan Slams Uganda For Hosting RSF Paramilitary Commander

    Sudan Slams Uganda For Hosting RSF Paramilitary Commander

    Tunisia: President Said Jails Lawmaker Who Mocked Him On Facebook

    Tunisia: President Said Jails Lawmaker Who Mocked Him On Facebook

    Zimbabwe Pays First Compensation To White Farmers Affected By Land Reforms

    Zimbabwe: War Veterans Head To Court, Challenge Mnangagwa’s Tenure Extension  

    Trump’s New Ambassador Arrives South Africa Amid Frosty Relations

    Trump’s New Ambassador Arrives South Africa Amid Frosty Relations

    Obama Slams Trump Over Racist Video

    Obama Slams Trump Over Racist Video

    Nigeria: Electoral Commission Fixes Presidential Poll February 20, 2027

    Nigeria: Electoral Commission Fixes Presidential Poll February 20, 2027

    AU Rejects Israel’s Recognition Of Somaliland As Independent Nation

    AU Rejects Israel’s Recognition Of Somaliland As Independent Nation

    Morocco Wins Seat On AU Peace And Security Council

    Morocco Wins Seat On AU Peace And Security Council

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

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

  • Economy
    WEF President Børge Brende Resigns Following Review Of Epstein Contacts

    WEF President Børge Brende Resigns Following Review Of Epstein Contacts

    Zimbabwe: Governing Party Plans 2 Years Extension Of President’s Term

    Zimbabwe Bans Export Of Raw Minerals, Lithium Concentrates

    World Bank Advocates Debt Relief For Countries Owing Over $8.7trn

    World Bank Targets $6bn Concessional Funding To Revive Mozambique’s Economy

    Nigeria Rises To Fifth In Africa’s Solar Rankings As Adoption Grows

    Egypt Ranks Third In Africa For Solar Energy Capacity In 2025

    Zimbabwe’s Local Content Drive Is Saving Govt US$500m Annually

    Zimbabwe’s Local Content Drive Is Saving Govt US$500m Annually

    US Supreme Court Rules Trump’s Global Tariffs As Illegal

    US Supreme Court Rules Trump’s Global Tariffs As Illegal

    Malawi: Suspects Who Used Hearse To Smuggle Charcoal Escape Custody

    Malawi: Suspects Who Used Hearse To Smuggle Charcoal Escape Custody

    Erdogan Visits Ethiopia After 11 Years, Signs Energy Cooperation

    Erdogan Visits Ethiopia After 11 Years, Signs Energy Cooperation

    Kenya: Strike Grounds Flights At Jomo Kenyatta Airport

    Kenya: Strike Grounds Flights At Jomo Kenyatta Airport

  • 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

Ghana’s Foreign Minister Visits Ghanaian Prisoners Of War In Ukraine

WEF President Børge Brende Resigns Following Review Of Epstein Contacts

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

Ghana’s Foreign Minister Visits Ghanaian Prisoners Of War In Ukraine

Ghana’s Foreign Minister Visits Ghanaian Prisoners Of War In Ukraine

February 26, 2026
WEF President Børge Brende Resigns Following Review Of Epstein Contacts

WEF President Børge Brende Resigns Following Review Of Epstein Contacts

February 26, 2026

Tinubu and the NNPCL House of Cards

Guinea Accuses Detained Sierra Leonean Soldiers Of Violating Its Space

Nigerian Arrested At Freetown Airport With Cocaine

Ghana’s FM Visits Ukraine, Seeks Release Of Nationals Held As PoW

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
AH 2026 AH 2026 AH 2026

Updates

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Ghana’s Foreign Minister Visits Ghanaian Prisoners Of War In Ukraine

Ghana’s Foreign Minister Visits Ghanaian Prisoners Of War In Ukraine

February 26, 2026
WEF President Børge Brende Resigns Following Review Of Epstein Contacts

WEF President Børge Brende Resigns Following Review Of Epstein Contacts

February 26, 2026
Gunman, Covid-19 and My Family

Tinubu and the NNPCL House of Cards

February 26, 2026
Guinea: Junta Leader Doumbouya Takes Early Lead In Presidential Poll

Guinea Accuses Detained Sierra Leonean Soldiers Of Violating Its Space

February 25, 2026
JESIN GAMES - AfriTrivia JESIN GAMES - AfriTrivia JESIN GAMES - AfriTrivia
ADVERTISEMENT

Most Recent

Ghana’s Foreign Minister Visits Ghanaian Prisoners Of War In Ukraine

February 26, 2026

WEF President Børge Brende Resigns Following Review Of Epstein Contacts

February 26, 2026

Tinubu and the NNPCL House of Cards

February 26, 2026

Guinea Accuses Detained Sierra Leonean Soldiers Of Violating Its Space

February 25, 2026

Nigerian Arrested At Freetown Airport With Cocaine

February 25, 2026

Ghana’s FM Visits Ukraine, Seeks Release Of Nationals Held As PoW

February 25, 2026

Uganda: Two Women Arrested For Allegedly Kissing In Public

February 25, 2026

US Court Jails Ex-NNPC Chief Paulinus Okoronkwo For Seven Years Over $2.1m Bribe

February 25, 2026

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