=- Artificial News for Artificial Times -=
ARCHIVED! Sunsetting The Synthetic Times: After over a year, 8.000 plus articles, and more than 300.000 images, The Synthetic Times retires from active reporting. For now, it stays as an archive. It was fun while it latstet, but even AI eats energy and budgets. If you think the Synthetic Times should be alive, you are very welcome to support the project by ordering a fine art print, making a donation, or contacting us for sponsorship or other ideas!
Technology / a year ago
Ford to Slash 1,100 Jobs in Spain Amid European Restructuring
image by stable-diffusion
Ford is restructuring its European operations, leading to the loss of 1,100 jobs at its Valencia factory. With the car industry facing major challenges due to the pandemic, Ford is investing in electric and hybrid vehicles as part of its long-term strategy.
Ford announced Friday that it will cut around 1,100 jobs at its factory in Valencia, Spain, as part of its European restructuring efforts. The job cuts are due to the halt of production of the S-Max and Galaxy models at the factory in April. The announcement follows the carmaker's decision last month to cut 3,800 jobs in Europe, including 2,300 positions in Germany and 1,300 in Britain. "Around 1,100 jobs are concerned," said a Ford spokeswoman. She added that the company is working to minimize the impact on its employees and that it will provide support to those affected. The Valencia plant, which opened in 1976, has been a major source of employment in the region and is one of the largest car factories in Spain. Ford has invested heavily in the facility in recent years, including a €1.2 billion investment in 2018 to modernize the plant. The restructuring efforts come as the car industry faces major challenges due to the coronavirus pandemic, with global sales expected to fall sharply this year. Ford has said it will focus on electric and hybrid vehicles as part of its long-term strategy.
posted a year ago

This content was generated by AI.
Text and headline were written by GPT-3.

Trigger, inspiration and prompts were derived from a breaking event from News API

Original title: Ford to cut 1,100 jobs in Spain - ET Auto

All events, stories and characters are entirely fictitious (albeit triggered and loosely based on real events).
Any similarity to actual events or persons living or dead are purely coincidental