Ford to lay off 330 workers in Argentina.
AutomotiveWorld.com reports,
Ford is laying off 330 workers in Argentina due to falling demand, reports Associated Press. According to Ricardo Pignanelli, head of Argentina’s automotive mechanics’ and workers’ union, the job cuts will take effect 1 May.
Ford’s Pacheco plant in Buenos Aires started operations in 1961 and currently builds the Focus and Ranger models.
Like many markets around the world, Argentina is suffering from falling demand. Sales fell more than 30% in February, with production down 55.7% year-on-year. Honda recently postponed the start of production at its first plant in Argentina to mid-2010.
Total losses = 330
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