The Layoffs Continue: Ford To Cut 3,800 Workers In Europe

While the country gushes over recent aberrant jobs numbers, the actual reality of what’s happening on the ground can be best exemplified through the actions of companies like Ford.

The Detroit automaker announced this week it is going to be cutting 3,800 jobs in Europe over the next three years, adding to a growing slate of U.S. based companies and manufacturers looking to cut jobs and tighten budgets as the economy continues to tumble toward recession.

Ford is blaming the layoffs on “economic headwinds and increased competition in electric vehicles,” according to Reuters/Business Today.

Specifically, 2,300 jobs are going to be cut in Germany and 1,300 jobs will be cut in the United Kingdom. Ford’s plans of offering an all-electric fleet in Europe by 2035 remains unchanged, the report says.