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Ford Motor Company (F)

NYSE - NYSE Delayed price. Currency in USD
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12.08-0.03 (-0.25%)
At close: 04:00PM EDT
12.09 +0.01 (+0.04%)
After hours: 05:16PM EDT
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    Ford plans to cut up to 1,600 jobs at Valencia plant in Spain

    MADRID (Reuters) -U.S. car maker Ford said on Wednesday it plans to cut a further up to 1,600 jobs at its assembly plant in Valencia, Spain, after announcing a reduction of 1,100 staff last year. The company, which employs about 4,700 workers at the factory, told unions it plans to eliminate 600 jobs permanently, while it is open to negotiate the possible rehiring of the other 1,000 later as it plans to boost output at the plant from 2027, a Ford spokesperson in Spain said. Ford last month said it would start the production of a new hybrid passenger car at the factory located in Almussafes, in the Valencia region, from 2027 for the European market and elsewhere.