Ford Plans to Cut 1,150 Jobs in UK Amid European Overhaul

Date : 01/11/2019 @ 4:19PM
Source : Dow Jones News
Stock : Ford Motor Company (F)
Quote : 8.58  0.22 (2.63%) @ 12:11AM

Ford Plans to Cut 1,150 Jobs in UK Amid European Overhaul

Ford Motor (NYSE:F)
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By Adam Clark

 

Ford Motor Co. (F) plans to cut 1,150 jobs in the U.K. as part of its European overhaul, according to British union Unite.

Unite said shop stewards had been briefed on plans to eliminate almost 1,000 jobs at Ford's Bridgend engine plant in south Wales, with the remaining job losses in the car maker's transport operations. The cuts are expected over the next two years, the union said.

"There are a number of factors behind this grim news - the main ones being challenging market conditions for car makers generally, a lack of a coherent industrial strategy from the U.K. government and the uncertainty created by Brexit," Des Quinn, Unite's officer for automotive industries, said.

Unite said it would fight any compulsory redundancies and would campaign to secure a viable future for the Bridgend plant.

On Thursday, Ford said job cuts would be made across its European operation as the company seeks to turnaround the loss-making unit. The company said no decision had been taken to close its U.K. plants in Dagenham and Bridgend, but didn't rule out closures and warned that a hard Brexit would affect its plans.

 

Write to Adam Clark at adam.clark@dowjones.com

 

(END) Dow Jones Newswires

January 11, 2019 11:04 ET (16:04 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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