Belgium: Closure of Ford Plant – Nationalisation the Only Alternative to Mass Layoffs
‘A company that only makes money is not good business’. This
phrase from Henry Ford does not appear to be an inspiration for Stephen
Odell, the current CEO of Ford Europe. Money seems to be the only
reason for its industrial policy, as shownby the announced plant
closures in Genk and Southampton (UK).The announcement on October 24 of
the plant closures and the layoffs of 4500 workers in Belgium and 500 in
the UK are another nail in the coffin of the European automotive
sector.
