Mexican Media Brands
Ford to Pay $750 Million Severance in Belgium
Ford Motor Co. says it will pay each of the 4,000 hourly workers at its assembly plant in Genk, Belgium, an average of $187,500 in severance in connection with the facility's closing next year.
Share
Ford Motor Co. says it will pay each of the 4,000 hourly workers at its assembly plant in Genk, Belgium, an average of $187,500 in severance in connection with the facility's closing next year.
Workers in Genk ratified the proposed severance package late last week.
In a filing with U.S. securities regulators, Ford says it will book the $750 million total over the next several quarters.
RELATED CONTENT
-
Choosing the Right Fasteners for Automotive
PennEngineering makes hundreds of different fasteners for the automotive industry with standard and custom products as well as automated assembly solutions. Discover how they’re used and how to select the right one. (Sponsored Content)
-
On Automotive: An All Electric Edition
A look at electric vehicle-related developments, from new products to recycling old batteries.
-
Things to Know About Cam Grinding
By James Gaffney, Product Engineer, Precision Grinding and Patrick D. Redington, Manager, Precision Grinding Business Unit, Norton Company (Worcester, MA)
