Displaying items by tag: Ford
Ford to cut 800 jobs as it reacts to EV challenges
Ford plans to eliminate 800 jobs in the UK as part of a broader restructuring of its European operations, citing 'lower-than-expected' demand for electric vehicles (EVs). Ford has to meet the Government's zero-emission vehicle (ZEV) mandate, which requires 22% of car production to be zero-emission in 2024, rising to 80% by 2030. A ban on new petrol and diesel car sales will follow that year, with hybrids allowed until 2035. The financial penalties for exceeding non-ZEV limits - £15,000 per car - are adding pressure on manufacturers. Ford's EV chief had already warned of challenges in meeting these targets; and now workforce reductions have become part of the response. The cuts are part of 4,000 job losses across Europe, including significant layoffs in Germany. Ford's European vice president said that the decision is aimed at securing the company’s future competitiveness in the region.