What is a germany?
Posted On June 30, 2021
German companies are scrambling to fill the gap left by the departure of thousands of workers from the United States.
The American automaker Ford said Monday that it will cut some 3,500 jobs in its plants in Michigan and Ohio, and Ford Motor Co. said it will lay off 2,500 workers in Indiana and Wisconsin.
The job losses are part of a broader restructuring that also involves reducing costs in factories that make parts for the likes of Ford, General Motors Co. and Chrysler Corp.
The automaker is also closing a plant in Ohio, shutting down an assembly line there and moving production to China.
Ford said it expects to pay workers about $1.1 million less in wages over the next two years than it would have paid them in 2020, a figure it attributed to the higher costs of labor in China.
The company has been shedding some of its own employees in the United Sates, and that has created more jobs for American companies.
The number of new U.S. jobs fell by 3.9 million last year.
But the overall economic recovery in the U.K., which includes Germany, is stronger than it has been for a long time, so Ford’s decision to cut jobs in the two biggest U.k. markets has made it a bigger draw.
Ford is the world’s biggest automaker, and in Germany, where most of its vehicles are made, Ford employs 1.3 million people, compared with about 3 million in the UK.
The cuts in Germany could have significant implications for the U