UK: Major Restructuring for Ford in Europe
Ford is to undertake a major restructuring of its European operations in a key move to drive the company back to profitability and strong, sustainable growth. The plan for its future was unveiled today, following an extensive business review of its entire European operations. The multi-faceted plan results from a three-month review of all Ford's product plans and timings, its capacity utilisation and deployment of vehicle assembly, powertrain manufacturing, and other key activities, including engineering. The key elements of the plan are:
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