BERLIN—Ford plans to cut one in nine jobs in Europe, axing 3,800 roles in product development and administration as part of a drive to lower costs in the region and concentrate engineering know-how in the United States, the automaker said on Tuesday
The U.S. carmaker leads the European market for commercial vans, but has struggled to make strong profits from passenger cars, and warned this month it would be “very aggressive” in reducing manufacturing and supply chain expenses this year.
CEO Jim Farley has repeatedly flagged that electric vehicle (EV) production would require less labor and significant cost cutting to remain competitive….