Ford to cut 3,800 jobs in Europe in EV revamp
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US automaker Ford has announced its decision to cut 3,800 jobs in Europe in the next three years. The company expects the layoffs to accelerate its switch from petrol and diesel engines to electric vehicles. Ford currently employs 34,000 people in Europe. The company aims to fully electrify its fleet in Europe by 2035. It is spending $50 billion on electrifying its product range.
