US car giant Ford has announced that they are planning to cut a whopping 12,000 jobs across their European operations by the end of 2020.
Ford are trying to restructure their European business by cutting costs as the car manufacturer said they have been making losses for years.
The carmaker said as well as closing the Ford engine plant in Bridgend South Wales they are to close a further four plants and sell off another.
The car giant is hoping to achieve the cuts through voluntary redundancies, and the company employs 51,000 in total across Europe, 2,000 of the jobs to be cut are salaried positions.
Stuart Rowley, president of Ford of Europe said, “Separating employees and closing plants are the hardest decisions we make, and in recognition of the effect on families and communities, we are providing support to ease the impact.
“We are grateful for the ongoing consultations with our works councils, trade union partners and elected representatives.
“Together, we are moving forward and focused on building a long-term sustainable future for our business in Europe.”