Ford to close six European plants as part of global cut

Ford will eliminate about 20% of its workforce in Europe and close six factories in a sweeping overhaul aimed at reviving the money-losing region as the company also moves to prepare for the future of electric and self-driving cars.

The restructuring, which has been announced piecemeal, will involve reducing its manufacturing footprint in Europe to 18 facilities by the end of 2020 from 24 at the beginning of this year.