--Ford Motor Co. plans to cut about 3,200 jobs in Europe, as part of efforts to reduce costs amid its electrification push, Bloomberg reports, citing union IG Metall.

--The majority of positions affected by the cuts are in Germany and the plan would remove around 65% of the car maker's development positions in Europe, according to Bloomberg.

--Ford and IG Metall didn't immediately respond to requests for comment.

Full story: https://bloom.bg/3R0qxMC

Write to Adria Calatayud at adria.calatayud@dowjones.com

(END) Dow Jones Newswires

January 24, 2023 02:42 ET (07:42 GMT)

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