Ford is cutting another 1,000 jobs at its Cologne plant due to weak demand for electric vehicles, despite having invested nearly €2 billion ($2.3 billion) to convert the site for the production of electric vehicles. The company's expectations for electric car adoption have not materialized — only 18% of new registrations are electric, far below the projected one-third.

As a result, the auto industry giant will reduce operations to a single shift starting in January, raising concerns about the economic viability of the modern facility. High-priced models like the Explorer and Capri are not selling well, and stockpiles are growing.

Without more affordable EV options, experts warn that further job cuts are likely, with the workforce already shrinking from 20,000 to an expected 7,600 by 2027.