Ford aims to reduce labor costs as much as possible, through voluntary departures in Europe and to achieve this they will work closely with the social partners.
The automotive company has suffered for years from a loss of its market share and an insufficient profitability in Europe, so it points out that it wants to return to profitability in the short term.
The consortium aims to recover a competitiveness that it currently considers insufficient. Ford says it will review its product portfolio, considered by experts to be not adapted to European market trends.
The blue oval brand detailed: “The improvement in structural costs will be supported by a reduction of posts considered as an excess in all functions.”
Market share has declined over the past 20 years from almost 11% of sales in 2000 to 6.4% last year.
L.Sáenz
Source: Banca&Negocios
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