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Top related persons:
Martin Sander - 1 China's - 1 Jan Schwartz - 1 Miranda Murray - 1 Matthias Williams - 1
Top related locs:
HAMBURG Saarlouis Saarland
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U.S - 1 Ford Werke - 1 Ford - 1 Street - 1 Thomson - 1

Search resuls for: "Martin Sander"


4 mentions found


☆ Ford finds international investor for German plant in Saarlouis
  + stars: | 2023-06-30 | by ( ) www.reuters.com   time to read: +1 min
HAMBURG, June 30 (Reuters) - Ford (F.N) has found what it described as a major international investor for the U.S. carmaker's German plant in Saarlouis and has signed initial agreements together with the western state of Saarland, it said at a works meeting at the plant on Friday. "This is an excellent basis for further negotiations, with the potential to create around 2,500 jobs in Saarlouis," said Martin Sander, head of the company's German unit Ford Werke. "This week we have taken a big step towards this goal," he said, adding that the aim was still to transform the plant and create future employment opportunities. A Ford spokesperson did not name the investor but said only that it is a major international investor. Reporting by Jan Schwartz, Writing by Miranda Murray; editing by Matthias WilliamsOur Standards: The Thomson Reuters Trust Principles.
Persons: Martin Sander, China's, Jan Schwartz, Miranda Murray, Matthias Williams Organizations: U.S, Ford Werke, Ford, Street, Thomson Locations: HAMBURG, Saarlouis, Saarland
☆ Ford to cut 3,800 jobs in Europe in shift to electric vehicle production
  + stars: | 2023-02-14 | by ( Ruxandra Iordache | ) www.cnbc.com   time to read: +1 min
Automaker Ford on Tuesday said it intends to cut 3,800 jobs in Europe over the next three years to adopt a "leaner" structure as it focuses on electric vehicle production. The company plans to slash 2,300 jobs in production development and administration in Germany, 1,300 in the U.K. and 200 posts elsewhere in Europe. It said it will retain roughly 3,400 engineering roles in Europe, focused on vehicle design and development, alongside the creation of linked services. The company expects production of its first European-built electric passenger vehicle to start later this year. "Paving the way to a sustainably profitable future for Ford in Europe requires broad-based actions and changes in the way we develop, build, and sell Ford vehicles.
☆ Ford to cut 11% of its European workforce in EV push
  + stars: | 2023-02-14 | by ( Anna Cooban | ) edition.cnn.com   time to read: +2 min
London CNN —Ford has announced plans to axe 3,800 jobs across Europe, citing difficult economic conditions and its major push toward electric vehicles. Economic pressureThe job cuts also come on the back of “unprecedented economic and geopolitical headwinds” in the region, a Ford spokesperson told CNN. The past year has been difficult for European manufacturers. The eye-watering costs weighed on producers, causing some to slash production, relocate parts of their operations outside Europe, and lay off staff. Wholesale gas prices — a key input for much of Europe’s heavy industry — are now back to their pre-war levels.
☆ Ford to cut 3,800 engineering, administration jobs in Europe
  + stars: | 2023-02-14 | by ( ) www.reuters.com   time to read: +2 min
BERLIN, Feb 14 (Reuters) - Ford (F.N) plans to cut 3,800 product development and administration jobs in Europe in the next three years, the company said on Tuesday, citing rising costs and the need for a leaner structure as it pivots production to electric vehicles. The news comes as a blow to unions who said in late January the worst-case scenario was 2,500 job cuts in Europe in product development and a further 700 in administration. The cuts were needed to "revitalise business in Europe", Ford said in a statement. Lawler also said at the time that productivity of engineers in Europe was 25-30% lower than it should be. Ford is due to launch its first electric vehicle in Europe built on Volkswagen's MEB platform in Cologne later this year and is considering bringing a Ford platform to Europe, possibly to its plant in Valencia, Sander said.
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