German economy ministry in talks with Ford about planned job cuts

FILE PHOTO: A Ford Fiesta ST-Line car is seen during the 87th International Motor Show at Palexpo in Geneva, Switzerland March 8, 2017. REUTERS/Arnd Wiegmann/File Photo - Copyright Arnd Wiegmann(Reuters)

By Reuters

Published on 11/01/2019 - 12:34•Updated 26/04/2024 - 02:42

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BERLIN (Reuters) - The German Economy Ministry is in talks with carmaker Ford <F.N> over its planned job cuts in Europe, a spokeswoman said on Friday.

Ford said on Thursday it would cut thousands of jobs, look at plant closures and discontinue loss-making vehicle lines as part of a turnaround effort aimed at achieving a 6 percent operating margin in Europe.