Ford lays off every fifth worker in Europe

Ford will cut employmeny in Europe by 20 percent, the company said on Thursday. The carmaker, which struggles to return to profit in Europe, said to lay off 12,000 employees and shut down six plants as part of restructuring. The biggest reductions among European employees will concern Germany, the UK, and Russia.

Ford said that the restructuring is related to the decrease of presence in the European industrial sector. At the beginning of 2019, the company had 24 plants, and by the end of 2020, there will be 18.

(Warsaw Business Journal)