Ford's European Restructuring Plan Leads to the Closure of Two UK Facilities, Mondeo Delayed

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After announcing plans to shut down its Genk factory in Belgium at the end of 2014, Ford came out today with new details about its European restructuring efforts that include the closure of two more plants, the allocation of production, the loss of up to 6,200 jobs and other actions to increase cost efficiencies.

The announcements come against the backdrop of the persisting economic crisis in Europe with Ford estimating its loses in the region for the full year 2012 to exceed $1.5 billion (€1.15 billion).

The two additional factories receiving the axe are the Southampton Transit van plant, which is Ford's last vehicle-making facility in the United Kingdom, and its stamping and tooling operations in Dagenham, again in England.

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