BalkanCat
Ford (NYSE: F) caps 3,800 jobs in Europe over the next three years, of which 2,300 jobs will go to Germany, 1,300 to the UK and 200 elsewhere on the continent.
Slash is an attempt to direct the business to face economic obstacles and increasing competition on electric cars.
Ford ( F ) plans to cut 2,800 engineering jobs by 2025, although it plans to keep about 3,400 engineering jobs in Europe. The remaining 1,000 jobs will be abolished on the administrative side.
The company’s strategy to offer an all-electric fleet in Europe by 2035 is unchanged and production of its first electric car made in Europe is due to begin later this year.
Associate’s Strong Buy Rating reads: ‘Ford: 2 Billion Reasons to Buy’
In contrast, SA warns that the stock has a high risk of a dividend cut and a dividend safety rating of F.