BERLIN (Agencies): The US car manufacturer Ford has implemented significant management cuts at its German plant in Cologne as part of a restructuring plan that could potentially lead to the auto giant’s departure from the country. According to Bild, Ford announced that only four out of the current ten managing directors will retain their positions.

The move is aimed at simplifying Ford’s administrative and management structure in Germany. Effective from July 1, 2024, a maximum of four members will form the management team. Supervisory Board Chairman Kieran Cahill emphasized that this step will enhance operational efficiency and allow the management team to focus entirely on leading Ford into a successful future.

Ford had previously announced substantial layoffs in Europe, primarily in Germany, as it transitions to electric vehicle (EV) production, which requires fewer personnel. The carmaker had already completed half of its previous restructuring plan, resulting in 2,300 job cuts in Germany and reducing the staff number to 13,000. Last week, Ford revealed plans for further job cuts in Germany without specifying the exact number of additional layoffs.

By Media

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