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image: Kris Tripplaar/SIPA USA/PA Images

Ford Europe to cut thousands of jobs in turnaround plan

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.

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