• 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

12 months ago
How Can Nigeria Help Britain

Insecurity: UK Issues Fresh Travel Warning, Tells Brits To Avoid Six Nigerian States

3 hours ago
Nigeria: Ex-Central Bank Chief Wins Governorship Poll For 2nd Term

Nigeria: Ex-Central Bank Chief Wins Governorship Poll For 2nd Term

7 hours ago
Nigeria: League Match Abandoned After Home Fans Slit Throat Of Away Player For Scoring Equalizer 

Nigeria: League Match Abandoned After Home Fans Slit Throat Of Away Player For Scoring Equalizer 

18 hours ago
Trump Hits SA With 30% Tariffs, Nigeria, Ghana, Others Get 15%

Trump Makes U-turn, Says No US Official Attending G20 Summit In SA

20 hours ago
Djibouti: Parliament Removes Presidential Age Limit, Clears Way For 77-Year-Old Leader

Djibouti: President Guelleh To Run For 6th Term After Removing Constitutional Age Limit

21 hours ago
Sunday, November 9, 2025
  • About
  • HT Management
  • Privacy Policy
Heritage Times
No Result
View All Result
Translate |
  • Login
  • Politics
    Nigeria: Ex-Central Bank Chief Wins Governorship Poll For 2nd Term

    Nigeria: Ex-Central Bank Chief Wins Governorship Poll For 2nd Term

    Djibouti: Parliament Removes Presidential Age Limit, Clears Way For 77-Year-Old Leader

    Djibouti: President Guelleh To Run For 6th Term After Removing Constitutional Age Limit

    Kenya Demands Safety Of Citizens Caught Up In Tanzania’s Post-Election Violence

    Kenya Demands Safety Of Citizens Caught Up In Tanzania’s Post-Election Violence

    US: First Female Speaker, Nancy Pelosi Announces Retirement At 85

    US: First Female Speaker, Nancy Pelosi Announces Retirement At 85

    Cameroon: Opposition Candidate Kicks As Electoral Commission Declares Biya Winner

    Cameroon: Old, Sit-Tight Paul Biya Sworn In Again As President At 92

    Uganda-Born Mamdani Elected First Muslim Mayor Of New York City

    Uganda-Born Mamdani Elected First Muslim Mayor Of New York City

    Cameroon: UN Says 48 Killed By Security Forces In Post-Election Protests

    Cameroon: UN Says 48 Killed By Security Forces In Post-Election Protests

    Ivory Coast: Constitutional Council Affirms President Ouattara’s Re-Election

    Ivory Coast: Constitutional Council Affirms President Ouattara’s Re-Election

    Guinea: Deadline Ends For Presidential Candidates Filing Amid Opposition Crackdown

    Guinea: Deadline Ends For Presidential Candidates Filing Amid Opposition Crackdown

  • Economy
    Goldman

    Nigeria: Naira Holds Steady Against Dollar At Forex Market

    AfDB Launches Young Professionals Programme To Groom Africa’s Next Generation Of Development Leaders

    AfDB Launches Young Professionals Programme To Groom Africa’s Next Generation Of Development Leaders

    Nvidia In Talks To Invest In Arm IPO

    Nvidia Becomes World’s First $5 Trillion Company

    AfDB President Joins Global Leaders In Riyadh For Future Investment Initiative 

    AfDB President Joins Global Leaders In Riyadh For Future Investment Initiative 

    Namibia: President Netumbo Targets Women, Young People In Empowerment Agenda

    Namibia: President Nandi-Ndaitwah Takes Charge Of Mines and Energy Ministry

    PwC Exits Nine African Nations in Major Business Shift

    PwC Report: Nigeria, Kenya, South Africa Lead Africa Entertainment Media 

    AfDB, EU, Angola Launch $125 Million Youth Initiative To Create 150,000 Jobs

    AfDB, EU, Angola Launch $125 Million Youth Initiative To Create 150,000 Jobs

    In Major Move To Clean Energy Diversification, Angola Will Inaugurate First Copper Mine

    In Major Move To Clean Energy Diversification, Angola Will Inaugurate First Copper Mine

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

    IMF Projects Zimbabwe As Southern Africa’s Best-Performing Economy In 2025

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
  • Politics
    Nigeria: Ex-Central Bank Chief Wins Governorship Poll For 2nd Term

    Nigeria: Ex-Central Bank Chief Wins Governorship Poll For 2nd Term

    Djibouti: Parliament Removes Presidential Age Limit, Clears Way For 77-Year-Old Leader

    Djibouti: President Guelleh To Run For 6th Term After Removing Constitutional Age Limit

    Kenya Demands Safety Of Citizens Caught Up In Tanzania’s Post-Election Violence

    Kenya Demands Safety Of Citizens Caught Up In Tanzania’s Post-Election Violence

    US: First Female Speaker, Nancy Pelosi Announces Retirement At 85

    US: First Female Speaker, Nancy Pelosi Announces Retirement At 85

    Cameroon: Opposition Candidate Kicks As Electoral Commission Declares Biya Winner

    Cameroon: Old, Sit-Tight Paul Biya Sworn In Again As President At 92

    Uganda-Born Mamdani Elected First Muslim Mayor Of New York City

    Uganda-Born Mamdani Elected First Muslim Mayor Of New York City

    Cameroon: UN Says 48 Killed By Security Forces In Post-Election Protests

    Cameroon: UN Says 48 Killed By Security Forces In Post-Election Protests

    Ivory Coast: Constitutional Council Affirms President Ouattara’s Re-Election

    Ivory Coast: Constitutional Council Affirms President Ouattara’s Re-Election

    Guinea: Deadline Ends For Presidential Candidates Filing Amid Opposition Crackdown

    Guinea: Deadline Ends For Presidential Candidates Filing Amid Opposition Crackdown

  • Economy
    Goldman

    Nigeria: Naira Holds Steady Against Dollar At Forex Market

    AfDB Launches Young Professionals Programme To Groom Africa’s Next Generation Of Development Leaders

    AfDB Launches Young Professionals Programme To Groom Africa’s Next Generation Of Development Leaders

    Nvidia In Talks To Invest In Arm IPO

    Nvidia Becomes World’s First $5 Trillion Company

    AfDB President Joins Global Leaders In Riyadh For Future Investment Initiative 

    AfDB President Joins Global Leaders In Riyadh For Future Investment Initiative 

    Namibia: President Netumbo Targets Women, Young People In Empowerment Agenda

    Namibia: President Nandi-Ndaitwah Takes Charge Of Mines and Energy Ministry

    PwC Exits Nine African Nations in Major Business Shift

    PwC Report: Nigeria, Kenya, South Africa Lead Africa Entertainment Media 

    AfDB, EU, Angola Launch $125 Million Youth Initiative To Create 150,000 Jobs

    AfDB, EU, Angola Launch $125 Million Youth Initiative To Create 150,000 Jobs

    In Major Move To Clean Energy Diversification, Angola Will Inaugurate First Copper Mine

    In Major Move To Clean Energy Diversification, Angola Will Inaugurate First Copper Mine

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

    IMF Projects Zimbabwe As Southern Africa’s Best-Performing Economy In 2025

  • 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

Insecurity: UK Issues Fresh Travel Warning, Tells Brits To Avoid Six Nigerian States

Nigeria: Ex-Central Bank Chief Wins Governorship Poll For 2nd Term

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

How Can Nigeria Help Britain

Insecurity: UK Issues Fresh Travel Warning, Tells Brits To Avoid Six Nigerian States

November 9, 2025
Nigeria: Ex-Central Bank Chief Wins Governorship Poll For 2nd Term

Nigeria: Ex-Central Bank Chief Wins Governorship Poll For 2nd Term

November 9, 2025

Nigeria: League Match Abandoned After Home Fans Slit Throat Of Away Player For Scoring Equalizer 

Djibouti: President Guelleh To Run For 6th Term After Removing Constitutional Age Limit

Nigeria: Naira Holds Steady Against Dollar At Forex Market

Ex-British Soldier In Court Over 2012 Alleged Murder Of Kenyan Woman

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
How Can Nigeria Help Britain

Insecurity: UK Issues Fresh Travel Warning, Tells Brits To Avoid Six Nigerian States

November 9, 2025
Nigeria: Ex-Central Bank Chief Wins Governorship Poll For 2nd Term

Nigeria: Ex-Central Bank Chief Wins Governorship Poll For 2nd Term

November 9, 2025
Nigeria: League Match Abandoned After Home Fans Slit Throat Of Away Player For Scoring Equalizer 

Nigeria: League Match Abandoned After Home Fans Slit Throat Of Away Player For Scoring Equalizer 

November 8, 2025
Trump Hits SA With 30% Tariffs, Nigeria, Ghana, Others Get 15%

Trump Makes U-turn, Says No US Official Attending G20 Summit In SA

November 8, 2025
JESIN GAMES - AfriTrivia JESIN GAMES - AfriTrivia JESIN GAMES - AfriTrivia
ADVERTISEMENT

Most Recent

Insecurity: UK Issues Fresh Travel Warning, Tells Brits To Avoid Six Nigerian States

November 9, 2025

Nigeria: Ex-Central Bank Chief Wins Governorship Poll For 2nd Term

November 9, 2025

Nigeria: League Match Abandoned After Home Fans Slit Throat Of Away Player For Scoring Equalizer 

November 8, 2025

Trump Makes U-turn, Says No US Official Attending G20 Summit In SA

November 8, 2025

Djibouti: President Guelleh To Run For 6th Term After Removing Constitutional Age Limit

November 8, 2025

Nigeria: Naira Holds Steady Against Dollar At Forex Market

November 7, 2025

Ex-British Soldier In Court Over 2012 Alleged Murder Of Kenyan Woman

November 7, 2025

ICYMI: US Revokes Visas Of 80,000 Nigerians, Other Foreign Nationals

November 7, 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