Ford to cut 4,000 jobs in Europe, cites disruptive shift to EVs

Ford announced plans to cut 4,000 jobs in Europe, with most in Germany, due to the shift towards electric vehicles (EVs). The company will also reduce working time at its Cologne plant where EVs are produced. This decision comes amid challenges in meeting CO2 emissions regulations and consumer demand for electrified vehicles, leading to a period of disruption in the global auto industry.

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