US car giant Ford says it has started consultations on closing its factory at Genk in Belgium with the loss of 4,300 jobs to cut costs.The company told the unions it is looking to close the factory, which makes the Mondeo and S-Max models, in 2014.
Source : https://www.marocafrik.com/english/Ford-confirms-p...
Last month, Ford warned of job cuts in Europe in response to weak sales.Ford said its European operations could suffer losses of $1bn (£630m) this year, so it would review "all areas of the business to address the near-term challenges while ensuring we are building a strong business for the future".
As well as Belgium, Ford has plants in Germany,Spain and the UK .French carmaker PSA Peugeot Citroen is also struggling amid Europe's economic downturn.The implications for European unemployment are severe and sales
of medium range vehicles are continuing to decline in the face of the recession.
As well as Belgium, Ford has plants in Germany,Spain and the UK .French carmaker PSA Peugeot Citroen is also struggling amid Europe's economic downturn.The implications for European unemployment are severe and sales
of medium range vehicles are continuing to decline in the face of the recession.
Source : https://www.marocafrik.com/english/Ford-confirms-p...
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