Ford to slash 12,000 jobs across Europe

Car giant Ford has announced it plans to axe 12,000 jobs across Europe by the end of next year.

The carmaker is trying to cut costs at its European business, which is losing money.

Ford said it has ceased production at three plants in Russia, is closing plants in France and Wales, and has cut shifts at factories in Spain and Germany.

Ford has around 51,000 employees in Europe.

It hopes to achieve most of the cuts through voluntary redundancy.

Stuart Rowley, president of Ford of Europe, said: ‘Separating employees and closing plants are the hardest decisions we make, and in recognition of the effect on families and communities, we are providing support to ease the impact.

‘We are grateful for the ongoing consultations with our works councils, trade union partners and elected representatives.

‘Together, we are moving forward and focused on building a long-term sustainable future for our business in Europe.’