Ford to Cut Up to 550 U.K. Jobs as Part of Europe Restructuring

Ford Motor Co. will cut as many as 550 jobs in the U.K. as part of a revamp announced in January of its loss-making European business, according to a person familiar with the matter. The U.S. vehicle manufacturer, which has said it’ll reduce its German workforce by 5,000 positions, will cut jobs in its salaried non-manufacturing areas in the U.K., the person said. The move was reported earlier by London’s City AM newspaper.