Ford's global job reduction continues as the automaker says it is eliminating 12,000 jobs in Europe to become more efficient and profitable.
The move is not unexpected as Ford's business in Europe has been slipping for years, and it has forged an alliance with Europe's number-one automaker Volkswagen that reduced workforce needs on the continent.
The reduction is part of a broader restructuring, which includes closure of six plants in Europe. Ford is reducing its total number of plants in the region to 18, while reorganizing operations into three divisions: commercial vehicles, passenger cars and imports of Ford models such as the Mustang.
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