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.
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