Auto mass layoffs continue

12,000 jobs could be slashed at Ford’s manufacturing plants across Europe, as the carmaker rolls out a major cost-cutting plan.
The company announced the scale of job losses on Thursday as it confirmed it will close or sell six of its 24 facilities across Europe by the end of 2020.
It said in a statement the wave of redundancies will come “primarily through voluntary separation programmes.”
The jobs at risk include 3,000 across the UK, including 1,700 in Bridgend, according to the FT.
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The news comes on the same day new figures show UK car production is down for a 12th consecutive month against the previous year, with output down 15.5% in May.
More than 20,000 fewer vehicles were manufactured in the UK last month than in May 2018, according to the Society of Motor Manufacturers and Traders (SMMT).

The car cycle peaked last year.