In the last five years, total vehicle demand in Western Europe has fallen more than 20 percent, and the U.S. automaker aims to cut costs and re-establish profitable operations. In the first half of this year, the Dearborn, Mich., company lost more than half a billion dollars in Europe.
"The proposed restructuring of our European manufacturing operations is a fundamental part of our plan to strengthen Ford's business in Europe and to return to profitable growth," Ford Europe chief Stephen Odell told the Wall Street Journal.
Source: http://www.ibtimes.com/ford-aims-shut-belgian-plant-where-4300-work-852910
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