January 24, 2021

Kup

News Updates Everyday

Ford closes factories in Brazil: 5,000 jobs threatened

Ford closes factories in Brazil: 5,000 jobs threatened

The American automaker Ford will close its last three factories in Brazil this year. According to financial news agency Bloomberg, around 5,000 jobs are at risk on Monday evening.

According to Ford, the corona pandemic has only increased overproduction while declining auto sales are causing losses.

In 2019 Ford already closed its oldest plant in Brazil near Sao Paulo, which employs 3,000 people.

The company is now “immediately” closing the factories in Camaçari in the northeast and Taubaté in the southeast of the country. The Horizonte plant in the northeast will continue to operate until the fourth quarter of this year.

The American automobile manufacturer will only have an administrative office, a development center and a test site in Brazil.