With two of its plants to close within days, Ford U.K. says it is meeting its commitment to maintain local investment and to complete its restructuring plans entirely through voluntary separations or redeployment within the company. Ford of Europe last fall announced plans to reduce manufacturing overcapacity after a more than 20% drop in total industry vehicle demand across Western Europe, where sales are at a 20-year low with a prolonged downturn since 2008. The revamp includes ...
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