Ford’s German unit plans to cut a further 1,700 jobs by the end of this year, Reuters reported, citing a German newspaper published on Tuesday.

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The Reuters report, citing an article due to appear in Tuesday’s edition of the Frankfurter Allgemeine Zeitung newspaper, said the workforce will be reduced through retirement and layoffs that will principally hit Ford-Werke AG’s Cologne operations.


Reuters noted that Cologne-based Ford-Werke currently employs about 38,000 staff, according to company data.


The news agency said weaker second-quarter profits in July saw Ford commit itself to further cost cuts as it highlighted the “unsatisfactory” performance of its loss-making European operations.


Ford Europe posted a $US525 million loss in the second quarter and said recently that it wanted to be back in the black in the final three months of the year, Reuters added.

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