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

    From the US to Afghanistan: Rediscovering the mother who left me

    From the US to Afghanistan: Rediscovering the mother who left me

    Tracee Herbaugh's mother, Sharon, abandoned her when she was born, pursuing a career from which she never returned.

    Could mega-dams kill the mighty River Nile?

    Could mega-dams kill the mighty River Nile?

    For Ethiopia, a new dam holds the promise of much-needed electricity; for Egypt, the fear of a devastating water crisis.

    The evening death came for me: My journey with PTSD

    The evening death came for me: My journey with PTSD

    On a gorgeous Florida evening, a truck crashed into me. As I lay in intensive care, I learned who had been driving it.