AIRLINK 73.11 Decreased By ▼ -0.99 (-1.34%)
BOP 5.02 Increased By ▲ 0.02 (0.4%)
CNERGY 4.34 No Change ▼ 0.00 (0%)
DFML 29.18 Decreased By ▼ -0.36 (-1.22%)
DGKC 82.25 Decreased By ▼ -1.30 (-1.56%)
FCCL 22.16 Decreased By ▼ -0.27 (-1.2%)
FFBL 34.55 Decreased By ▼ -0.35 (-1%)
FFL 9.92 Increased By ▲ 0.05 (0.51%)
GGL 10.04 Increased By ▲ 0.04 (0.4%)
HBL 111.60 Decreased By ▼ -0.40 (-0.36%)
HUBC 138.00 Increased By ▲ 0.31 (0.23%)
HUMNL 6.96 Decreased By ▼ -0.02 (-0.29%)
KEL 4.39 Decreased By ▼ -0.01 (-0.23%)
KOSM 4.53 Decreased By ▼ -0.06 (-1.31%)
MLCF 38.20 Decreased By ▼ -0.35 (-0.91%)
OGDC 135.30 Decreased By ▼ -1.30 (-0.95%)
PAEL 26.24 Increased By ▲ 1.10 (4.38%)
PIAA 26.34 Decreased By ▼ -0.17 (-0.64%)
PIBTL 6.66 Increased By ▲ 0.01 (0.15%)
PPL 124.00 Decreased By ▼ -1.40 (-1.12%)
PRL 28.02 Decreased By ▼ -0.19 (-0.67%)
PTC 13.87 Decreased By ▼ -0.43 (-3.01%)
SEARL 54.00 Decreased By ▼ -0.60 (-1.1%)
SNGP 70.66 Decreased By ▼ -0.54 (-0.76%)
SSGC 10.55 Increased By ▲ 0.05 (0.48%)
TELE 8.50 Decreased By ▼ -0.02 (-0.23%)
TPLP 10.90 Decreased By ▼ -0.04 (-0.37%)
TRG 60.50 Decreased By ▼ -0.20 (-0.33%)
UNITY 25.35 Increased By ▲ 0.02 (0.08%)
WTL 1.27 Increased By ▲ 0.01 (0.79%)
BR100 7,641 Decreased By -23.5 (-0.31%)
BR30 24,942 Decreased By -83.7 (-0.33%)
KSE100 72,891 Increased By 127.1 (0.17%)
KSE30 23,705 Decreased By -70.9 (-0.3%)

ford 400LONDON: Ford will announce the closure of its van factory in Southampton, southern England, later on Thursday to help it stem European losses, according to a source familiar with the situation.

 

The move, which could see some 530 British jobs cut, comes a day after Ford said it would shut its 48-year-old Genk plant in Belgium by 2014, with the loss of 4,300 jobs, as part of a wide-ranging restructuring programme.

 

On Wednesday the US car maker summoned British shop stewards to an emergency meeting at its headquarters in Basildon, Essex, around 30 miles east of central London. The meeting will start at 9.00 GMT on Thursday morning.

 

The Swaythling factory on the outskirts of Southampton, which has built over 2 million Ford Transit vans since 1972, could cease production at the end of 2013, said the source, who expects the car maker to move Transit production to Turkey.

 

Ford employs 11,400 at British sites including Dagenham in Essex and Bridgend in South Wales.

 

The shutdown of Ford's Southampton plant would be the third European vehicle plant closure this year, after PSA Peugeot Citroën closed a site near Paris and General Motors announced plans to shut its Opel factory in Bochum, Germany.

 

Ford refused to discuss plans for its UK operations.

 

Copyright Reuters, 2012

Comments

Comments are closed.