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Ford To Cut Thousands Of Jobs In Europe

Video Credit: Wochit Business - Duration: 00:40s - Published < > Embed
Ford To Cut Thousands Of Jobs In Europe

Ford To Cut Thousands Of Jobs In Europe

Ahead of a possible alliance with Volkwagen, Ford is cutting thousands of jobs, ending production of some models and closing a plant in Europe.

According to CNN, Ford is framing the restructuring as part of a global overhaul that the company says will cost $11 billion.

Ford says it will spend $11 billion over the next three to five years to reshape its business globally.

Ford reported European losses of $199 million for the first nine months of 2018.

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Ford To Cut Thousands Of Jobs In Europe

TUESDAY, AUG.

22, 2017 FILE PHOTO TUESDAY, AUG.

22, 2017, FILE PHOTO



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