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Christopher Bruce2013-03-20 17:48:24

Ford Paying $187,500 Severance to Hourly Workers from Genk, Belgium

The factory will close in 2014

 
 
Slideshow
The Genk factory will close at the end of 2014

FordFordFordUnited Kingdom, 1909 > present33 models
3897 photos
5 videos
will pay $750 million in severance pay to the hourly workers from its Genk, Belgium, factory when it closes in 2014. The severance works out to an average of $187,500 to each of the 4,000 hourly workers. 

The workers will be paid their severance over the next several months so that Ford can spread the cost out over several financial quarters. 

The Genk factory currently builds the MondeoMondeo Gen.4Ford Mondeo Gen.4United Kingdom, 2007 > 2013285 versions
344 photos
1 video
, S-MaxS-MaxFord S-MaxUnited Kingdom, 2006 > 201366 versions
80 photos
1 video
and GalaxyGalaxy Gen.3 [Mark III]Ford Galaxy Gen.3 [Mark III]United Kingdom, 2006 > present53 versions
60 photos
. Mondeo production will be moved to Valencia, Spain. 

“We are pleased to have reached a social plan agreement that was accepted by the unions and approved by the hourly employees at Genk. We fully recognize that this has been a difficult time for everyone at the Ford Genk plant, our suppliers and the local community," said Philippe Verbeeck, Operations Manager of the Ford Genk factory.

Ford is closing the Genk factory and two others in Britain to deal with lower sales and losses. It is part of Ford's goal to reduce production capacity by 18%.

Ford is still in negotiations with the factories 300 salary workers for their severance package. 

Comparatively, the payout is low. When General MotorsGMGMUnited States of America, 1998 > present8 models
240 photos
closed its factory in Antwerp, Belgium, it paid hourly workers an average of $202,700.

Source: Automotive News Europe

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