Ford Plans to Close Belgian Plant

Article Excerpt

BY CHRISTOPH RAUWALD AND MIKE RAMSEY

Ford Motor Co. confirmed Wednesday that it entered talks with labor unions over closing its Belgian plant in Genk by the end of 2014 as part of its efforts to streamline costs, cut capacity and turn around its unprofitable European operation.

"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," Ford Europe chief Stephen Odell said ...

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