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FRANKFURT, Germany (AP) — Ford Motor Co. stated Tuesday it could lower as much as 1,000 jobs at its electrical auto plant in Cologne, Germany attributable to decrease than anticipated demand for battery-powered automobiles.
The job discount can be carried out as far as attainable with voluntary departures and buyouts, the corporate stated. It follows a restructuring introduced in November 2024 that would cut back Ford’s workforce by 4,000 positions in Europe and the UK, with 2,900 of these jobs misplaced in Germany.
The corporate stated it was frequently evaluating manufacturing volumes and adjusting them to demand. “In Europe, the demand for electrical automobiles is considerably beneath trade forecasts,” it stated. The plant, which makes an electrical model of the Explorer SUV, would transfer to at least one shift per day as a substitute of two starting in January, the corporate stated in a press release.
Electrical autos captured 15.6% of the European market within the yr by means of July, up from 12.5% in the identical interval final yr. Development has been slower than anticipated, partially as a result of withdrawal of buy subsidies in Germany. Ford offered 260,00 autos of all kinds within the first seven months, up 0.7%, and maintained its market share of three.3%, in response to the European Car Producers’ Affiliation.
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