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
800 jobs Number of planned job losses
Announcement Date
5 December 2008
Employment effect (start)
5 December 2008
Foreseen end date
31 December 2008
Description
Ford, the American car manufacturer, announced it will not prolong 800 temporary contracts expiring in December 2008. The decision is due to the important decrease of the demand in the automobile industry, itself brought by the global financial crisis. The company will stop temporarily the assembling unit's activity and will decrease its daily production from 1290 to 1050 cars.
Sources
5 December 2008: La Libre Belgique
Citation
Eurofound (2008), Ford, Internal restructuring in Belgium, factsheet number 67912, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67912.
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