Ford to Cut 600 Jobs in Spain
Tuesday, August 4, 2009 @ 2:56 AM
Ford told unions on July 31 it plans to cut 600 jobs from its plant in eastern Spain due to weakening demand.
The company said it would go from "three to two production shifts" at the plant at Almussafes, near Valencia. It said the layoffs would be on a voluntary basis.
Ford said it was forced to make the decision by declining sales in Spain and the rest of Europe amid the economic crisis.
Spain's auto manufacturing sector is the third-biggest in Europe and accounts for just under 10% of the country's economic output and 15% of exports.
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