Shock at the auto giant's historic factory! Celebrates 100th anniversary, lays off 1,000 people

As the automotive industry continues its rapid transition to electric power, the consequences are being severely impacted by the brands that remain behind. Ford, a well-established automaker, is one of the brands suffering losses.

While other brands such as Tesla, Mercedes, BMW and Volkswagen, as well as Chinese companies, are rapidly transitioning to electric vehicles, Ford, which has many electric models, is preparing for mass layoffs due to the decline in sales.

According to Motor1.com, American-based Ford will lay off at least 1,000 people at its historic German factory.

Ford announced plans to lay off nearly 1,000 people at its massive Cologne, Germany, factory, which will transition from a two-shift operation to a single shift operation starting next year.