The American and British automakers announced on Thursday January 10 job cuts coming to Europe for Ford, worldwide for Jaguar.
Chance of the calendar, Ford then Jaguar announced job cuts Thursday, January 10 every few hours. If the American manufacturer has not given figures, the English brand has spoken of "4,500 positions" in the world, especially in the United Kingdom.
Ford wants to "return to profitability in the short term"
" Ford aims to reduce labor costs as much as possible through voluntary departures in Europe and will work closely with social partners and other stakeholders to achieve this goal. "Says the group.
The second American manufacturer, which has suffered for years from a loss of market share and insufficient profitability in Europe, says it wants " return to profitability in the short term ".
Ford prefers to close his Blanquefort factory that sell it
Ford emphasizes that it will review its product portfolio, considered by experts as poorly adapted to European market trends. The brand's market share in the blue oval has fallen over the last twenty years, from nearly 11% of sales in 2000 to 6.4% last year.
The manufacturer has been under pressure from Wall Street for months calling for a strategic plan to improve profits. Ford's stock has fallen 33% year-on-year and lost nearly half of its value over the last five years.
Brexit and diesel depress Jaguar
The British manufacturer Jaguar Land Rover said that 4,500 jobs were to be cut worldwide, more than 10% of its workforce. This against the backdrop of the depressed market for diesel and the uncertainties of Brexit.
After Airbus, Jaguar thinks of reducing its wings in the United Kingdom
This downsizing, announced in a statement of the company owned by the Indian Tata Motors, will concern mainly the United Kingdom and is part of a large savings plan of 2.5 billion euros. pounds (2.77 billion euros)
The Cross (with AFP)