Ford to cut 12K jobs in Europe

FRANKFURT, Germany (AP) — Ford Motor Co. said it is shedding 12,000 jobs in Europe as it streamlines its operations in the region to increase profitability.

Ford of Europe said in a news release today that the positions would be eliminated mostly by voluntary separation programs through the end of 2020. Some 2,000 lost jobs will be salaried positions.

Ford has already said it is closing or selling six plants in Europe. It is reducing its total there to 18 as it reorganizes its business into three divisions: commercial vehicles, passenger cars and imports of Ford models such as the Mustang.