[QODLink]
Europe
Ford says 4,000 to lose jobs in Belgium
Thousands fear for careers as US car firm says factory in Genk to close by 2014, with production moved to Spain.
Last Modified: 24 Oct 2012 16:42

Ford has announced it will shut down its factory in Genk, Belgium within two years, moving the production of three models produced there to Spain.

More than 4,000 workers will lose their jobs when the factory closes and many are already worried about finding new jobs in difficult economic times.

Car sales across Europe have slumped since the economic crisis began, and Ford expects to lose more than $1bn in the region this year.

Ford said the decision to close the factory could save the company about $500m.

The US company is not the only car maker who will need to trim production, manufacturing across Europe has been continually contracting for more than a year.

On Friday, the French government offered Peugeot a $9bn lifeline and to keep the car industry moving more deals between governments and major manufacturers could follow.

Al Jazeera's Charlie Angela reports from Genk.

140

Source:
Al Jazeera
Topics in this article
People
Country
City
Organisation
Featured on Al Jazeera
'Justice for All' demonstrations swell across the US over the deaths of African Americans in police encounters.
Six former Guantanamo detainees are now free in Uruguay with some hailing the decision to grant them asylum.
Disproportionately high number of Aboriginal people in prison highlights inequality and marginalisation, critics say.
Nearly half of Canadians have suffered inappropriate advances on the job - and the political arena is no exception.
Featured
Women's rights activists are demanding change after Hanna Lalango, 16, was gang-raped on a bus and left for dead.
Buried in Sweden's northern forest, Sorsele has welcomed many unaccompanied kids who help stabilise a town exodus.
A look at the changing face of North Korea, three years after the death of 'Dear Leader'.
While some fear a Muslim backlash after café killings, solidarity instead appears to be the order of the day.
Victims spared by the deadly disease are reporting blindness and other unexpected post-Ebola health issues.