The news comes two days after Ford Motor Co. announced plans to drop 4,000 jobs in Europe, and with Volkswagen employees threatening work stoppages over what they say management has told them are plans to close as many as three factories in Germany.
German auto supplier Bosch to cut 5,500 jobs in further sign of carmakers' woes
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Ford Motor Co. announced this week that it will cut 14% of its European workforce, pointing to low electric vehicle sales and increased competition from Chinese automakers.
Ford to eliminate 4,000 jobs in Europe amid low EV sales, Chinese competition
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