Ford cuts shift at B-Max assembly plant, offers buyouts

CHICAGO Sat Nov 24, 2012 1:14am IST

Stocks

   

CHICAGO (Reuters) - Ford Motor Co (F.N) is cutting a shift at a factory in Romania that makes its B-Max people mover and will offer buyouts to some hourly workers as auto demand in Europe falters, the second-largest U.S. automaker said on Friday.

The Craiova Assembly Plant will now operate on a single shift. During the winter shutdown, Ford will make changes to the production process to increase the line speed, the company said.

Ford will also move its Craiova engine plant to two shifts, up from a single shift now, to support demand for the 1.0-liter turbocharged engine and the upcoming launch of the new 1.5-liter engine, Ford said.

About 500 employees working at the assembly plant will be transferred to the engine plant. Ford is also running a "limited voluntary separation program" for hourly workers with more than four years of service at Craiova.

The company is still in discussions with unions, a Ford spokesman said Friday. The plant has about 3,600 employees with most workers having more than four years of service.

The B-Max was launched in Europe this fall and is based on the same platform as the Fiesta subcompact.

Auto sales in Europe have tumbled this year as economic weakness saps consumer confidence. Ford expects to lose at least $3 billion in Europe over the next two years.

(Reporting By Deepa Seetharaman; Editing by Tim Dobbyn)

Economic Pulse

REUTERS SHOWCASE

Gold Imports

Gold Imports

India eases gold import rule in surprise move.  Article 

Indians in Iraq

Indians in Iraq

India says no contact with 39 men held by Islamic State in Iraq.  Full Article 

Sahara Issue

Sahara Issue

Sahara looks to raise $650 million loan to fund bail.  Full Article 

Test Match Postponed

Test Match Postponed

First test against India postponed after death of Hughes  Full Article | Related Story 

Bhopal Tragedy

Bhopal Tragedy

Bhopal's toxic legacy lives on, 30 years after industrial disaster.  Full Article 

Banking Sector

Banking Sector

After record deal, more India bank takeovers on cards  Full Article 

Islamic Fund

Islamic Fund

India gets new Islamic equity fund but debt market still off-limits  Full Article 

Nigeria Violence

Nigeria Violence

Bombs, gunfire kill 81 at crowded mosque in Nigeria's Kano  Full Article 

Movie Review

Movie Review

D’Silva's “Ungli” just skims the surface  Full Article | Related Story 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage