Ford will shed thousands of jobs at its European operations in a bid to return the business to profitability in a broad restructuring that may include shutting down production plants.
Ford has struggled with an aging model lineup and a contracting market in the UK, Ford’s biggest in Europe, which is in store for further disruption from Brexit.
In a statement on Thursday Ford said it will seek to exit the multivan segment, review its operations in Russia, and combine the headquarters of Ford UK and Ford Credit to a site in Dunton, Essex.
