Car giant Ford is to shed jobs across its European operations under plans to save 200 million US dollars (£138 million) a year.
The group said it is launching a voluntary redundancy programme as it looks to slash costs across "all areas" of the European business.
It comes in the face of mounting regulatory costs, according to the group.
Ford Europe returned to profit in 2015 for the first time in four years.
But bosses announced aims to ramp up the group's overhaul and unveiled a revamped line-up of cars.
Jim Farley, head of the car maker's European business, said: "We are creating a far more lean and efficient business that can deliver healthy returns and earn future investment.
"Our job is to make our vehicles as efficiently as possible, spending every dollar in a way that serves customers' needs and desires, and creating a truly sustainable, customer-focused business."
The move is expected to see hundreds of jobs go in the UK and Germany, where the bulk of its European workforce is based, largely impacting sales, administration and marketing roles.
Ford employs around 53,000 staff in Europe, with around 13,000 in the UK.
The Ford of Britain headquarters is in Warley, Essex, while it also has a major research and development centre in Dunton, Essex.
Some back office and marketing staff are also based in offices at Dagenham in east London and Bridgend in Wales.
It follows a programme of redundancies across Europe announced in 2012, when it axed around 1,000 roles.
Mr Farley said the recent return to profit was a "good first step", with Ford Europe last month posting a 259 million US dollar (£179 million) surplus for its European arm - an 850 million US dollar (£591 million) improvement on 2014.
But he added the group is "taking the necessary actions to create a vibrant business that's solidly profitable in both good times and down cycles".
The group also outlined plans to ditch some models in favour of increasingly popular sport utility vehicles (SUVs).
It is launching five new SUVs in the next three years as well as plug-in hybrid and electric cars.
Ford said it expects SUV sales in Europe to jump by more than 30% this year to more than 200,000.
It has not revealed which models are being axed under the overhaul.
The first Ford cars were shipped to Europe in 1903 - the same year Ford Motor Company was founded. European production started in 1911.
While Ford still makes parts in the UK, it no longer manufactures cars in Britain after closing several production lines over the past four years.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules here