KNOWLEDGE is POWER / REAL NEWS is KEY
New York: Tuesday, January 31, 2023
ยฉ 2023 U-S-NEWS.COM
Online Readers: 305
New York: Tuesday, January 31, 2023
Online: 318
Donald Trump's new social media platform "TRUTH Social" Join the Waiting List - Click here
tagreuters.com2023binary_LYNXMPEJ0N09Z-BASEIMAGE

MONEY & BUSINESS: Ford to make final call on Europe jobs cuts by mid-February -union โ€“ One America News Network

Website ๐Ÿ‘‰ https://u-s-news.com/
Telegram ๐Ÿ‘‰ https://t.me/usnewscom_channel

By Victoria Waldersee and Christina Amann

BERLIN (Reuters) -Ford intends to decide by mid-February on how many jobs will be cut in Europe, a spokesperson for German labour union IG Metall said on Tuesday.

Union representatives will meet with Fordโ€™s management on Saturday for the next stage of talks, said the spokesperson for IG Metall, which has threatened disruption if the U.S. carmaker axed roles in Germany and across the region as feared.

Management figures presented a worst-case scenario to 12,000 workers in a packed assembly hall at Fordโ€™s Cologne site on Monday of up to 2,500 job cuts in product development and a further 700 in administration.

A second scenario was also on the table, the spokesperson said, declining to provide details.

Ford has declined to comment, referring to a Jan. 20 statement in which it said that the shift to electric vehicle (EV) production requires structural changes and it would not say more until plans are finalised.

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.

Its European staff last saw a wave of job cuts in 2019 and 2020 as the carmaker pursued a 6% operating margin in the region, a goal thrown off course by the coronavirus pandemic, with pretax profit margins in Europe in the first nine months of 2022 at just 2.2% of sales.

The workers council in Cologne has demanded that management commit to no layoffs before Dec. 31 of 2032, and that the roughly 2,500 product development staff there remain part of the automakerโ€™s global development landscape.

With production of the Ford Fiesta to end in Cologne this summer and the Ford Focus at its Saarlouis site in 2025, the council also demanded clear plans for how Ford would โ€œsecure and expand a relevant share of the European passenger car marketโ€.

(Reporting by Victoria Waldersee, Christina AmannEditing by Paul Carrel and Alexander Smith)





Source link

(Visited 1 times, 1 visits today)
KNOWLEDGE is POWER / REAL NEWS is KEY
Woke & Liberal News is Fake News
You will find it on:
CNN - CBS - MSNBC - ABC - The New York Times - The Washington Post - Facebook - Twitter and more
They ALL SUCKS and simply DO NOT tell you the truth PERIOD

WARNING! If you usually get your news from one of these so-called "News Services" Welcome to you, but be prepared for big surprises!
eg. 2+2 is not 5 or 22 but 4 - There is not 57 different genders, only 2
KNOWLEDGE is POWER / REAL NEWS is KEY
Help your friends, family and the truth by sharing this article.

PGlmcmFtZSB3aWR0aD0iNjQwIiBoZWlnaHQ9IjM2MCIgc2Nyb2xsaW5nPSJubyIgZnJhbWVib3JkZXI9IjAiIHN0eWxlPSJib3JkZXI6IG5vbmU7IiBzcmM9Imh0dHBzOi8vd3d3LmJpdGNodXRlLmNvbS9lbWJlZC8ydEZzdEJzNjFQRTUvIj48L2lmcmFtZT4=
IMPORTANT!

Latest Video
PGlmcmFtZSBpZD0ib2R5c2VlLWlmcmFtZSIgd2lkdGg9IjY0MCIgaGVpZ2h0PSIzNjAiIHNyYz0iaHR0cHM6Ly9vZHlzZWUuY29tLyQvZW1iZWQvJTQwQWxleEpvbmVzQ2hhbm5lbD9mZWF0dXJlPWxhdGVzdCIgYWxsb3dmdWxsc2NyZWVuPjwvaWZyYW1lPg==

PGlmcmFtZSB3aWR0aD0iNjQwIiBoZWlnaHQ9IjM2MCIgc2Nyb2xsaW5nPSJubyIgZnJhbWVib3JkZXI9IjAiIHN0eWxlPSJib3JkZXI6IG5vbmU7IiBzcmM9Imh0dHBzOi8vd3d3LmJpdGNodXRlLmNvbS9lbWJlZC9CWDhmdW1VR2pRTUQvIj48L2lmcmFtZT4=
THIS IS IT!!!

Latest Video
PGlmcmFtZSBpZD0ib2R5c2VlLWlmcmFtZSIgd2lkdGg9IjY0MCIgaGVpZ2h0PSIzNjAiIHNyYz0iaHR0cHM6Ly9vZHlzZWUuY29tLyQvZW1iZWQvJTQwUlQ/ZmVhdHVyZT1sYXRlc3QiIGFsbG93ZnVsbHNjcmVlbj48L2lmcmFtZT4=

Livestream
PGlmcmFtZSBpZD0ib2R5c2VlLWlmcmFtZSIgd2lkdGg9IjY0MCIgaGVpZ2h0PSIzNjAiIHNyYz0iaHR0cHM6Ly9vZHlzZWUuY29tLyQvZW1iZWQvJTQwUlQ/ZmVhdHVyZT1saXZlbm93IiBhbGxvd2Z1bGxzY3JlZW4+PC9pZnJhbWU+

Want The Real News
and join millions of other active users