Ford Layoffs: Car manufacturer plans to reduce almost 1,000 jobs amid a lower demand for EVs

Ford Layoffs: Ford Motor Co. announced on Tuesday that it would cut up to 1,000 jobs at its electric vehicle plant in Cologne, Germany, due to the lower -than -expected demand for cars with batteries. The latest layoffs come after the company announced its restructuring plans in November 2024. These plans are expected to cut 4000 posts in Europe and the United Kingdom, with 2,900 of these losses in Germany. As part of the latest plan for reducing job reduction, the company will aim to use voluntary room and buyout where possible, AP reports. The company said it constantly assessed and adjusted the production levels to claim. “In Europe, the demand for electric cars is significantly under the forecasts of the industry,” says the company’s statement. The plant, which delivers an electrical version of the Explorer -SUV, will switch to one shift per day from two of January, the report quoted the company. Ford’s EV sales -electrical vehicles accounted for 15.6% of the European market in the year to July, of 12.5% ​​in the same period last year. The growth was slower than expected, partly due to the withdrawal of purchase subsidies in Germany. Ford sold 260.00 vehicles of all types in the first seven months, an increase of 0.7% and its market share at 3.3%, according to the European Car manufacturers Association. (With input from agencies.)