Ford has agreed to a job protection scheme at its Cologne electric car plant covering more than 10,000 workers. Company and German employee representatives said voluntary redundancies are planned in response to sluggish adoption of electric vehicles (EVs). “The job cuts are primarily based on voluntary redundancies. The severance payments are generous and significantly better than usual in the automotive industry,” works council head Benjamin Gruschka said. Ford has invested $2bn in transforming the Cologne site into an EV production hub.
