BUCHAREST (Reuters) -- Ford Motor will lay off about 680 people at its Romanian division next year, or some 20 percent of the staff, as it adjusts to a weak European market.
BUCHAREST (Reuters) -- Ford Motor will lay off about 680 people at its Romanian division next year, or some 20 percent of the staff, as it adjusts to a weak European market.
The expected tariff cost is significantly lower than the $4 billion to $5 billion crosstown rival General Motors estimates, which Ford attributes to its higher mix of U.S.-built vehicles.