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Ford to cut jobs in European revamp

AFP  |  Paris 

US carmaker said on Thursday that it plans a major of its European operations, including job cuts, to boost profitability.

The new strategy is aimed at cutting structural costs and redesigning the product lineup for commercial vehicles, passenger vehicles and imports, it said.

"We are taking decisive action to transform the business in Europe," Steven Armstrong, group for Europe, and said in a statement.

did not specify the number of projected job cuts, but said it hoped to achieve them through voluntary redundancies.

"Structural cost improvements will be supported by reduction of surplus labour across all functions -- salaried and hourly," it said.

Among concrete steps in key markets Ford said it will end production of small automatic transmissions in Bordeaux,

In Germany, it plans to end production of the C-Max and Grand C-Max in Saarlouis in response to a shrinking market in for compact multi-purpose vehicles.

In Russia, Ford said it will launch a strategic review of its joint venture Ford Sollers, with several options on the table.

Ford also plans to consolidate its and at the in South East

Ford employs around 53,000 people at its wholly-owned facilities in -- over a quarter of its worldwide total.

The company has been making cars in since 1911.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, January 10 2019. 17:00 IST