Ford to end U.K. vehicle production

Oct 25, 2012, 1:00 PM EDT
A security guard walks to his post after locking the gates at the Ford Transit van factory, after staff were sent home early in Southampton, south England October 25, 2012. Ford will stop making vans in Britain next year, cutting 1,400 jobs on top of 4,300 to be axed in Belgium as part of a plan by the U.S. car maker to stem European losses expected to exceed $1.5 billion this year.
REUTERS/Kieran Doherty

Ford Motor will close its van making operations in the U.K. bringing to an end a century of vehicle making in the country. It would be the U.S. carmaker's fourth European plant closure to be made public this year. Ford is cutting capacity and costs to stem losses in Europe forecast to reach $3 billion this year and next. The company plans to move Transit van production from Southampton and Dagenham in southern England to Turkey in 2013. Earlier this week Ford said it would shut its Belgian car plant in Genk, transferring its sedan production to Valencia in Spain, also by 2013. Some 5,000 jobs will be lost at the shuttered plants.

 

TAGS: Ford Motor
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