Finance
Ford to cut up 1,000 jobs at Germany's Cologne e-car plant
Published by Global Banking & Finance Review®
Posted on September 16, 2025
1 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on September 16, 2025
1 min readLast updated: January 21, 2026
Ford will cut 1,000 jobs at its Cologne plant due to low electric car demand, switching to single-shift production by 2026.
BERLIN (Reuters) -Ford will cut up to 1,000 jobs in electric car production in the German city of Cologne due to weak demand, the U.S. carmaker said in a statement on Tuesday.
"In Europe, demand for electric cars remains well below industry forecasts," the statement said.
"Ford will therefore switch production at the Cologne plant to single-shift operation from January 2026," resulting in the job losses, it added.
The company said it would offer voluntary redundancy packages to those affected at its Cologne electric vehicle centre.
Ford has been undergoing a painful restructuring in Germany impacting thousands of jobs, including at its Cologne site as well as a plant in Saarlouis that is set to close.
(Reporting by Rachel MoreEditing by Madeline Chambers)
Job reduction refers to the process of decreasing the number of employees in a company, often due to financial challenges or changes in production needs.
Voluntary redundancy is when employees are offered the option to leave their job, typically with a financial package, as a means for the company to reduce its workforce.
Corporate restructuring involves reorganizing a company's structure, operations, or finances, often to improve efficiency, reduce costs, or respond to market changes.
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