Ford cuts 4,000 jobs in Europe, including 800 in UK, after slowdown in EV sales

Ford has said that it will cut 4,000 jobs in Europe, becoming the latest carmaker to seek to reduce costs amid slowing growth in electric car sales and competition from China.

The American carmaker said on Wednesday it would cut 800 jobs in the UK, with 2,900 in Germany. The company’s UK sites in Dagenham and Halewood will not be affected.

The cuts represented about 14% of its 28,000 workforce in Europe.

Europe’s automakers “face significant competitive and economic headwinds while also tackling a misalignment between CO2 regulations and consumer demand for electrified vehicles”, the company said in a statement.

More details to follow …