Ford plans to shut down Belgian plant
- USA: Thursday, October 25 - 2012 at 03:36
Ford Motor Co has announced it is to shut down a Belgian factory by the end of 2014, shifting production to Spain as the US automaker tries to save money and stem European losses, Reuters has reported. "The proposed restructuring of our European manufacturing operations is a fundamental part of our plan to strengthen Ford's business in Europe and to return to profitable growth," said Ford Europe chairman, Stephen Odell. The plant currently makes the Mondeo mid-size car and Galaxy and S-MAX minivans, but the models are nearing the end of their life cycles. Ford said production of the next models would move to Valencia with the loss of 4,300 jobs by the end of 2014.
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