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Ford To Cut 12,000 Jobs By 2020

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Ford To Cut 12,000 Jobs By 2020

Ford To Cut 12,000 Jobs By 2020

Ford said it will cut 12,000 jobs in Europe by the end of next year to try to return the business to profit.

Ford Europe has been losing money for years, according to Reuters.com.

Pressures to restructure increased after GM raised profits by selling it's Opel and Vauxhall brands to Peugeot.

Ford said it would close three plants in Russia, one in France, and one in Wales.

Ford also plans to cut shifts at factories in Valencia, Spain and Saarlouis, Germany.

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Ford To Cut 12,000 Jobs By 2020

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