Friday, November 25, 2011

Ford to Temporarily Lay Off 4,000 Workers in Valencia Plant due to Reduced Demand


The economic crisis that is currently raging in Europe is not likely to subside any time soon. As a result, automakers have started taking measures in order to account for reduced demand of their products.

Ford, for one, will temporarily lay off 4,000 of its 6,200 workers at its Valencia plant in Spain for 39 days over the course of 2012, according to Adrian Schmitz, a spokesman for the Blue Oval's company’s European operations in Cologne, Germany.

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