Ford is downsizing its operations in Europe. After declining sales and discontinuation of popular models, the company decided there will be layoffs He made a statement.

ford, workforce in Europe about plans to lay off 14% and announced that they expect these layoffs to be completed by 2027.

The demand for electric vehicles is shaking Ford’s plans

Ford is approx. Plans to lay off 4,000 people It also had a major impact on the car market. These cuts, especially in the United Kingdom and Germany, have caused the company to make significant losses in recent years. challenges in the car market We can say it is related. According to Ford’s statement, factors such as the transition to electric vehicles and new competition were also effective in these losses. However, the company does not attribute the huge drop in sales only to external factors and also draws attention to the internal problems.

In Europe, strict emission regulations apply to vehicles with combustion engines demand for electric vehicles And Increasing competition from Chinese car manufacturers Facing difficulties like Ford, popular models are Fiesta and Mondeo production was stopped. It has also stated that it will reduce production targets for new electric vehicles such as Capri and Explorer, but it is doubtful whether these steps will be enough to stop the company’s bleeding in Europe.