Ford to slash over 5,000 German jobs

Frankfurt: Ford has said it planned to cut "more than 5,000" jobs in Germany as part of a major restructuring to boost profitability at the US car giant´s European operations.

The group aims to carry out the jobs cull through voluntary redundancies and early retirement, a spokeswoman told AFP.

"This announcement is part of the Ford restructuring announced in January in Europe with the goal of returning to profitable business in Europe as soon as possible," she said.

"The aim is to cut more than 5,000 jobs in the most socially responsible way possible," the spokeswoman added, without detailing how the cuts would be divided among Ford´s operations in Cologne, Aachen and Saarlouis.

The announcement, which was shared with Ford Germany employees earlier on Friday, comes after the carmaker warned in January that "thousands" of jobs would be cut as part of a revamp of its loss-making European division.

Ford employs some 53,000 people across Europe, around 24,000 of them in Germany.

The overhaul comes at a time of widespread upheaval for global automakers as the industry pivots to the greener, smarter cars of the future and polluting diesel cars fall out of favour.

The industry is also grappling with the knock-on effects of US-lade trade tensions, Brexit uncertainty, and economic slowdowns in the key European and Chinese markets.