Ford confirms it will axe 12,000 jobs in Europe

Ford of Europe has finally quantified the number of people it expects to lose during its restructuring campaign. All up, the company says it will let go of around 12,000 employees across Europe at both wholly owned and operated, and joint venture locations. A majority of the layoffs will be for blue collar staff, but Ford will also shed 2000 people from its salaried workforce. Ford of Europe has 51,000 direct employees, or 65,000 if joint venture staff are factored in.