Ford plans to cut jobs in China, potentially by more than 1 300, as its sales decline in the world’s biggest car market. Moneyweb JobCuts
Ford plans to cut jobs in China, potentially by more than 1 300, as its sales decline in the world’s biggest car market, local media including Economic Daily News reported. Ford’s wholesales in China fell below half a million units for the first time in a decade in 2022, continuing a slide since 2016, when the US automaker shipped 1.27 million vehicles and had a market share of 4.6%. That share dropped to 2.
These actions are necessary for us to build a healthier and more sustainable business in China.” She didn’t specify how many jobs would be cut or provide a time frame. Ford said earlier this year it would eliminate 3 800 jobs across Europe due to rising costs amid the transition to EVs. The company, which has about 173 000 employees globally, has said it will invest $50 billion in EV production by 2026.
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