Ford Successfully Concludes Negotiations with IG Metall, Plans Workforce Reduction and Restructuring by 2032

"Ford has successfully concluded negotiations with IG Metall and the works council regarding a comprehensive package lasting until the end of 2032. The agreement, announced in Cologne to over 10,000 employees, includes a workforce reduction of 2,900 full-time equivalents by the end of 2027, primarily through a voluntary program, with layoffs as a last resort. Ford has committed to providing severance and pension protections for all employees. The negotiations were influenced by the termination of an insolvency protection by the American parent company, leading to strikes at the Cologne site. The law firm Seitz played a key role in supporting Ford throughout the negotiation process."