US car manufacturer Ford is set to make savings of $200m across Europe by cutting jobs and implementing new efficiency measures.
The company announced it is introducing voluntary redundancies, as well as introducing a new manufacturing efficiency plan. Ford also said it would focus more on the sports utility vehicles (SUVs) and other parts of the business, which are the most profitable, and anticipates killing off less profitable models over time. For the first time in four years…
This content is for subscribers only. Subscribe now for free to read the full article.
Already a subscriber? Login
