Ford To Pay US$750mn To Staff At Genk Site

News: US automaker Ford Motor has vowed to pay at least US$750mn to workers laid off from its plant in Genk, Belgium, after reaching an agreement with unions, Global Post reports. Ford's October 2012 announcement that it was shutting down the facility at the end of 2014 led to blockades from trade unions. The plant has 4,000 hourly workers and 300 salaried employees. Ford has estimated that around US$750mn will be enough to cover the cost of hourly employee separation benefits. However, the carmaker is still negotiating separation benefits with its salaried employees.

This article is tagged to:
Sector: Autos
Geography: Belgium

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