Ford to cut 850 jobs in the U.K.

FoMoCo yesterday said that it is working to cut as many as 850 jobs in Britain and is looking to review this year’s pay deal with workers. The new layoffs represent about 7 percent of 12,900 Ford’s U.K. work force.

Ford will cut employments at its Transit van plant in England by up to 500 through offering voluntary layoffs. The company said that non-production days with employees still on pay is not affordable. Ford will also cut 350 other U.K. jobs by May.

Ford said that it is looking to re-evaluate this year’s pay deal of 5.2 percent since conditions have been worse since the raises that were negotiated in October.

Source: Detroit News