The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.1 - Manufacture of motor vehicles
4,700 jobs Number of planned job losses
Announcement Date
30 September 2003
Employment effect (start)
Foreseen end date
Description
Ford Europe announced a big restructuring plan affecting 4,700 jobs in Europe, more precisely at the Genk plant in Belgium and at plants in Cologne and Saarlouis in Germany. After a restructuring plan affecting 1,400 workers at the Genk plant in 2002, 3,000 more jobs will be dismissed there. The Cologne plant will be reduced by 1,700 jobs. The measure is due to the slowdown of the motor vehicles market in Europe.
Sources
2 October 2003: Le Soir
30 September 2003: Financial Times Deutschland
2 October 2003: Les Echos
Citation
Eurofound (2003), Ford, Internal restructuring in European Union, factsheet number 59069, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59069.
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