Ford works council in Germany to update staff on job cut talks on Feb 14
Reuters
Published Feb 07, 2023 10:25AM ET
Updated Feb 07, 2023 10:51AM ET
BERLIN (Reuters) - The Ford Motor (NYSE:F) Co works council in Cologne, Germany invited workers to a meeting on Feb 14 to update them on negotiations with management over planned job cuts at Ford's plants in Europe, a union representative said on Tuesday.
Ford said in late January it would decide by mid-February how many jobs would be lost in the region after the works council at its Cologne plant, which supports the interests of employees, informed employees that up to 3,200 roles may be cut in the worst-case scenario. The plant employs about 14,000 people.
A spokesperson for Ford declined to comment.
The carmaker needed to be "aggressive" in improving its quality and cost structure in Europe and the United States, Ford's Chief Executive Jim Farley said on an earnings call last week, after reporting a fall in quarterly profits that sent its share price tumbling.
Productivity of Ford's engineers in Europe was 25-30% lower than it should be, Chief Financial Officer John Lawler added on the call.
Farley and Lawler are due to speak at a conference on Feb. 15 in New York City about how the company is overhauling its operations to spur growth.
The works council in Cologne has demanded that management commit to no layoffs before Dec. 31, 2032, and that the roughly 2,500 product development staff there remain part of the automaker's global development landscape.
The carmaker has committed to an all-electric lineup in Europe by 2030 and its U.S. leadership has repeatedly flagged that EVs require less labour.
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Written By: Reuters
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