One of the leading automakers, Ford, plans to layoff 1,100 workers at its plant located in Valencia in eastern Spain, according to one of its spokesmen.
According to Reuters, the spokesperson said that the job cuts which were shared with the union are part of the company’s plan to make changes to its car production lineup in Europe.
The company’s representative whose name was not disclosed said, “Ford will work constructively with its union partners to reduce the impact of the separations on employees, their families, and the local community.”
This publication recalls that the automaker in January announced its plans to cut 3,200 jobs across Europe and move some product development work to the United States.
The reason for the intended layoffs as reported is the rising cost of electric vehicle battery components in the United State and European countries.
According to Reuters, the business has made the decision to stop producing station wagon-like S-Max vehicles and Galaxy minivans in Valencia.
In 2022, it was reported that there was a delay in electric vehicle production investment in Spain, referencing “revised outlook for Europe”, said that it would stick to its plan to start making electric vehicles at its Spanish factory later this decade.
