U.S. auto giant Ford Motor Co. (F) is reportedly planning to cut around 1,100 jobs or 18 percent of its workforce at its plant in Valencia, Spain, as it stops production of the S-Max station wagon-like cars and Galaxy minivan models at the plant in April.
These job cuts are part of the reorganization of Ford's operations in Europe, and follow the announcement last month by Ford of 2,300 jobs cuts in Germany and 1,300 job cuts in the U.K.
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