German economy ministry in talks with Ford about planned job cuts

January 11, 2019 6:08 AM

BERLIN (Reuters) - The German Economy Ministry is in talks with carmaker Ford (NYSE: F) over its planned job cuts in Europe, a spokeswoman said on Friday.

Ford said on Thursday it would cut thousands of jobs, look at plant closures and discontinue loss-making vehicle lines as part of a turnaround effort aimed at achieving a 6 percent operating margin in Europe.

(Reporting by Michelle Martin; Editing by Thomas Seythal)

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