German Economy Ministry In Talks With Ford About Planned Job Cuts

FILE PHOTO: The Ford logo is seen on a vehicle at the New York Auto Show in the Manhattan borough of New York City, New York, U.S., March 29, 2018. REUTERS/Shannon Stapleton

BERLIN (Reuters) - The German Economy Ministry is in talks with carmaker Ford (F.N) over its planned job cuts in Europe, a spokeswoman said on Friday.

Ford said on Thursday it would cut thousands of jobs, look at plant closures and discontinue loss-making vehicle lines as part of a turnaround effort aimed at achieving a 6 percent operating margin in Europe.

Reporting by Michelle Martin; Editing by Thomas Seythal

Source : https://uk.reuters.com/article/us-ford-motor-restructuring-europe-germa/german-economy-ministry-in-talks-with-ford-about-planned-job-cuts-idUKKCN1P5165

German economy ministry in talks with Ford about planned job cuts
Stocks - Apple, Starbucks Fall in Premarket, Activision Tumbles, Netflix Gains
At least 5 workers stranded due to heavy snow rescued in Turkey
Stung by Asian dominance, Germany pours cash into EV battery ventures
China’s Auto Market Could Shrink This Year for the First Time in Decades
German carmakers join American farmers on front line of U.S.-China trade war
Global auto powers plotting response to Trump auto tariffs
Global auto powers plotting response to Trump auto tariff threats, report says