Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Ford in talks with German workers about Saarlouis job cuts

Published 12/10/2018, 11:23 AM
Updated 12/10/2018, 11:25 AM
© Reuters. FILE PHOTO: The Ford logo is seen at the New York Auto Show in New York

FRANKFURT (Reuters) - Ford (N:F) said on Monday it had started negotiations with German worker representatives about potential job cuts at its Saarlouis plant following a decision to discontinue production of its Ford C-Max model.

"We can confirm that we are entering into formal negotiations with our Works Council with the objective of ending production of C-Max/Grand C-Max at Saarlouis," Ford said in a statement.

"As we continue to match production to consumer demand, the consultation process also will include necessary adjustments to the workforce at Saarlouis."

Saarlouis employs more than 6,190 staff, but the van segment is shrinking and tougher emissions rules will require costly investments.

"Keeping the vehicle compliant with all regulatory obligations would require a very high level of investment for this model," Ford said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.