Ford to cut around 1,100 jobs in Spain - GulfToday

Ford to cut around 1,100 jobs in Spain


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US carmaker Ford announced Friday it will cut around 1,100 jobs at its factory in the Spanish city of Valencia as it reorganises its operations in Europe.

The cuts follow the announcement last month by Ford of 3,800 job cuts elsewhere in Europe, including 2,300 positions in product development and administrative functions in Germany and 1,300 in Britain.

Last year, ford had said it was delaying production investments in Spain, citing a “revised outlook for Europe”, but said it would stick with a plan to start producing electric vehicles later this decade at its Spanish factory.

The electric vehicle production plan would entail job cuts, ford had said when unveiling the project.

Separately, General Motors is offering buyouts to most of its US salaried workforce and some global executives in an effort to trim costs as it makes the transition to electric vehicles.

The Detroit automaker wouldn’t say how many workers it is targeting, but confirmed that the move is aimed at accelerating attrition to meet a previously announced goal of $2 billion in cost cuts by the end of next year. GM has about 58,000 salaried workers in the US.

The company says the offers also are designed to avoid any possible firings at a later date. CEO Mary Barra told analysts in January that GM doesn’t wasn’t planning for any layoffs.

Offers will go to white-collar workers with at least five years of service, and global executives who have been with the company at least two years.

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