Article 6SBZ2 Ford to cut 4,000 jobs in Europe, with Germany and the UK hardest hit – as it happened

Ford to cut 4,000 jobs in Europe, with Germany and the UK hardest hit – as it happened

by
Julia Kollewe
from on (#6SBZ2)

US carmaker to lay off 14% of its European workforce

Sterling rose after the higher-than-expected inflation figures were released, as did the yield - or interest rate - on government bonds.

The pound rose as much as 0.25%, and is now marginally higher at $1.2687.

With inflation rising again, we need some serious action to tackle the root causes of the cost-of-living crisis.

For a start, that means taking on the profiteers who have driven sky high prices and bringing the energy system back into public hands.

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