Ford planning to cut 18% of production capacity, 13% of workforce in Europe; anticipating more than $1.5B loss in Europe in 2012
Green Car Congress
OCTOBER 25, 2012
The plan, which would significantly improve plant utilization in Europe, includes the following elements: Ford has initiated an information and consultation process with representatives of employees at its Genk facility regarding the company’s intention to close the plant and cease vehicle production by the end of 2014. Product acceleration.
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