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)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Coal Block Allocation

Coal Block Allocation

Government urges Supreme Court to not cancel some 'illegal' coal mines  Full Article 

Modi in Japan

Modi in Japan

Japan and India agree to boost strategic ties at summit  Full Article 

Basel III Norms

Basel III Norms

RBI amends Basel III guidelines for banks  Full Article 

HSBC PMI

HSBC PMI

Factory activity expands at slower clip in August.  Full Article 

Current Account

Current Account

Balance of payments surplus for third straight quarter  Full Article 

India Infrastructure

India Infrastructure

RBI rule handicaps India's infrastructure hopes  Full Article 

Book Talk

Book Talk

Reema Abbasi and a glimpse of Pakistan’s Hindu past  Full Article 

China Economy

China Economy

Retreat in China's PMIs heightens calls for policy easing.  Full Article 

Managing Share Sales

Managing Share Sales

Govt seeks bids from banks to manage PFC, REC share sales   Full Article 

Reuters India Mobile

Reuters India Mobile

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