Ford Plans 4,000 Temporary Layoffs on Weak Demand in Europe
25 November 2011 @ 14:15
Nov. 24 (Bloomberg) -- Ford Motor Co. will lay off 4,000 workers next year at its assembly plant in Valencia, Spain, as demand slackens in Europe.
The automaker will furlough the employees for 39 days over the course of 2012, Adrian Schmitz, a spokesman for the Dearborn, Michigan-based company’s European operations, said today by telephone. The factory employs 6,200 workers.
Read the full article at Bloomberg.
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