Mexican Media Brands
Ford Will Trim 950 Jobs in Russia
Ford Motor Co.'s 50:50 joint venture with Russia's OJSC Sollers will eliminate 950 jobs at two factories in the country because of declining sales.
#workforcedevelopment
Share
Ford Motor Co.'s 50:50 joint venture with Russia's OJSC Sollers will eliminate 950 jobs at two factories in the country because of declining sales.
The company will drop one shift and 700 fulltime jobs at its factory outside St. Petersburg and 250 temporary jobs at its plant in Tatarstan. Both cuts are scheduled for June.
Ford blames the reductions on the weakening ruble and a consumer shift from small cars to SUVs. The company adds that it remains "absolutely committed" to the Russian market.
Ford-Sollers makes the Edge crossover, Explorer SUV, Focus small sedan, Galaxy minivan, Kuga crossover, Mondeo midsize sedan, S-MAX MPV, Transit commercial van and Tourneo Custom large van.
Car sales in Russia fell 5% last year and 4% in the first two months of 2014, according to the Moscow-based Assn. of European Businesses. Ford sales in the country over the two periods dropped 18% and 21%, respectively.
RELATED CONTENT
-
Ford Details Plans to Refurbish Detroit Train Station
Ford Motor Co. says the centerpiece for its new advanced-mobility campus in Detroit’s historic Corktown district will be the former Michigan Central train station.
-
FCA Cuts 1,300 Jobs at Small-Car Plant in Michigan
Fiat Chrysler Automobiles NV is eliminating one of two production shifts at its small-car factory in Sterling Heights, Mich., because of slumping sales.
-
UPDATE: Unifor Ratifies GM Labor Pact by 86% Margin
Hourly workers at General Motors Co.’s CAMI assembly plant in Ingersoll, Ont., will vote today whether to accept an agreement to end a strike they began on Sept. 17.