• 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
Kenya: Top Energy Officials Resign As Probe Into Alleged Fraud Commences

Kenya: Top Energy Officials Resign As Probe Into Alleged Fraud Commences

30 minutes ago
Senegal Moves To Reduce Reliance On Foreign Lenders, Targets Improved IGR

Oil Price Surge: Senegal Slashes Govt Spending, Bans Non-Essential Foreign Trips

2 hours ago
Rwanda: Kagame Appoints Top Central Bank Official As New PM

Rwanda Slams US Over Sanctions, Alleges Bias Towards DRC

23 hours ago
Missing Arizona Teen Found Alive 32 Years After Mysterious Disappearance

Missing Arizona Teen Found Alive 32 Years After Mysterious Disappearance

24 hours ago
US Deports Five Migrants to Eswatini Over ‘Barbaric’ Acts

Uganda Receives First Batch Of US Deportees Amid Growing Controversy

24 hours ago
Saturday, April 4, 2026
  • About
  • HT Management
  • Privacy Policy
Heritage Times
No Result
View All Result
Translate |
  • Login
  • Politics
    Cameroon: Opposition Kicks As 92-Year-Old Biya Says He’ll Seek 8th Presidential Term

    Cameroon: Parliament Considers Bill To Create Vice President’s Office

    Military Leader Says Burkina Faso Must “Forget” Democracy

    Military Leader Says Burkina Faso Must “Forget” Democracy

    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

  • Economy
    Kenya: Top Energy Officials Resign As Probe Into Alleged Fraud Commences

    Kenya: Top Energy Officials Resign As Probe Into Alleged Fraud Commences

    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% 

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
  • Politics
    Cameroon: Opposition Kicks As 92-Year-Old Biya Says He’ll Seek 8th Presidential Term

    Cameroon: Parliament Considers Bill To Create Vice President’s Office

    Military Leader Says Burkina Faso Must “Forget” Democracy

    Military Leader Says Burkina Faso Must “Forget” Democracy

    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

  • Economy
    Kenya: Top Energy Officials Resign As Probe Into Alleged Fraud Commences

    Kenya: Top Energy Officials Resign As Probe Into Alleged Fraud Commences

    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% 

  • 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

Kenya: Top Energy Officials Resign As Probe Into Alleged Fraud Commences

Oil Price Surge: Senegal Slashes Govt Spending, Bans Non-Essential Foreign Trips

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

Kenya: Top Energy Officials Resign As Probe Into Alleged Fraud Commences

Kenya: Top Energy Officials Resign As Probe Into Alleged Fraud Commences

April 4, 2026
Senegal Moves To Reduce Reliance On Foreign Lenders, Targets Improved IGR

Oil Price Surge: Senegal Slashes Govt Spending, Bans Non-Essential Foreign Trips

April 4, 2026
Rwanda: Kagame Appoints Top Central Bank Official As New PM

Rwanda Slams US Over Sanctions, Alleges Bias Towards DRC

April 3, 2026

Missing Arizona Teen Found Alive 32 Years After Mysterious Disappearance

Uganda Receives First Batch Of US Deportees Amid Growing Controversy

Cameroon: Parliament Considers Bill To Create Vice President’s Office

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