Ford to Stop Investment at Gironde Factory, 900 Jobs at Risk
February 27 2018 - 12:29PM
Dow Jones News
By Euan Conley
Ford Motor Co said on Tuesday that it will stop investing in its
French gearbox manufacturing site in Gironde, near Bordeaux,
putting more than 900 jobs at risk.
The U.S. auto maker said production of the new eight-speed
gearbox at the Ford Aquitaine Industries factory is "not
economically viable."
The site currently employs 910 people.
Ford added that it was committed to finding a "viable and
sustainable solution" to keep jobs onsite and it would work with
French authorities to help find a potential buyer for the site.
France's economy minister, Bruno Le Maire, said in a statement
that he had recently met with Ford's Europe president, Steven
Armstrong, to ensure the company could continue to keep a
sufficient amount of work on the site until the end of 2019.
Write to Euan Conley at euan.conley@dowjones.com
(END) Dow Jones Newswires
February 27, 2018 12:14 ET (17:14 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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