Overview
- Ford Germany plans to cut 2,900 jobs in Cologne by 2027, reducing its workforce to below 9,000 employees, but the company's works council opposes the layoffs.
- The US parent company has withdrawn its financial guarantee for Ford Germany, increasing pressure on the struggling subsidiary to achieve profitability.
- Workers staged a protest outside the Cologne plant, projecting the message 'Fuck you - we stay' onto a building, signaling growing frustration with management.
- Union representatives have described the job cuts and loss of the financial guarantee as existential threats to the Cologne plant's future viability.
- Ford Germany's debt stands at €5.8 billion, with plans for a €4.4 billion capital injection and additional funds to stabilize its operations over the next four years.