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Ford Sacks 3,000 In Belgium

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Ford began its much-heralded jobs reduction programme by cutting 3,000 jobs at its factory in Genk, Belgium. This is in contrast to previous plans to invest 900 million Euro in the plant. Lewis Booth, recently-appointed as Ford’s COO in Europe, was pessimistic about market conditions, saying that he expected no recovery in the European car market next year, nor the year after.

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