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.

    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.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Can Muslim leaders alter Trump's Jerusalem decision?

    Can Muslim leaders alter Trump's Jerusalem decision?

    Turkish president calls Jerusalem a 'red line' as he hosts an Organisation of Islamic Cooperation summit in Istanbul.

    'Beaten' Palestinian boy in viral photo charged

    'Beaten' Palestinian boy in viral photo charged

    Fawzi al-Junaidi, 16, denies accusations of throwing stones and protesting, saying he was severely beaten by Israelis.

    Donald Trump: A president swallowed by history

    Donald Trump: A president swallowed by history

    The US has tried and failed to create a capital for another state before. "Israeli" Jerusalem will be the next Saigon.