Ford plans to cut 2,900 jobs in Germany by the end of 2027 to reduce costs, the US carmaker said on Wednesday, part of a larger overhaul of its operations in Europe.
Most of the reductions will take place at a Ford factory in Cologne, where the company also has its European headquarters.
Ford has had a plant in the western German city for almost a century. The facility was transformed in recent years to produce electric cars following a $2 billion investment.
Ford is struggling with weak sales in Germany and Europe. Consumer reluctance to switch to electric cars and the end of government incentives in Germany are proving challenging for carmakers.
Ford currently has around 11,500 jobs in Cologne, meaning that around one in four jobs could be cut there, according to the local works council.
Overall, Ford said is aiming to cut 4,000 jobs in Europe, 800 of them in Britain and 300 in EU countries outside of Germany.
