17583
17695

Business

Ford wheels out job cuts

by The Canadian Press - Story: 82325
Oct 25, 2012 / 6:28 am

A union representing Ford workers says the company will cut 1,500 jobs in Britain, closing a transit van plant in Southampton and eliminating a stamping and tooling facility in east London.

The Unite union said Thursday that it had been informed that Ford intended to close the Southampton plant by 2013. It is the only remaining Ford vehicle assembly plant in Britain.

The union says Ford also confirmed that the Panther diesel engine will be built at the Dagenham plant in east London.

Ford has 11,500 employees in the United Kingdom.

The announcement came a day after Ford said it planned to close a car plant in eastern Belgium by the end of 2014, a move that would result in 4,500 direct job losses and 5,000 more among subcontractors.

The Canadian Press


Read more Business News

17200


Today's Market

S&P TSX 12613.05 +105.45
S&P CDNX 934.68 +1.82
DJIA 15354.40 +121.18
Nasdaq 3498.965 +33.722
S&P 500 1667.47 +17.00
Gold 1364.90 -26.10
Lumber 316.00 -4.50
Oil 96.02 +0.86
Natural Gas 4.055 +0.126
CDN Dollar 0.9721 N/A

_


Okanagan Companies

Sun Rype 6.00 0.00
Pacific Safety 0.045 +0.005
Knighthawk 0.02 0.00
QHR Technologies Inc 0.55 -0.03
Cantex 0.015 0.00
Anavex Life Sciences 0.54 +0.05
Metalex Ventures 0.075 -0.005
Russel Metals 26.65 -0.25
Copper Mountain Mining 1.52 -0.16
Colorado Resources 1.48 +0.46
ReliaBrand Inc 0.13 0.00

_







15494

FEATURED Property
1417706471 Francis Avenue
3 bedrooms 2 baths
$469,000
more details
image2image2image2
view all featured properties
Click here to feature your property
Please wait... loading


Tips for a stress-free summer move

The majority of Canadians prefer to make their big move during the summer season. There are a variety of reasons for choosing this time of year: it is easier to transport boxes in non-icy condition...


Income properties for sustained recovery

It appears as though more people these days are looking for an investment in real estate which offers cash flow returns. The fundamentals of cash flow type properties had been turned upsi...


Get in the Loop

Getintheloop Marketing Ltd. recently launched their membership platform, Getintheloop.ca. The new website offers an exclusive members area for access to discounts in the South Okanagan on premium res...

_


Previous Stories


15649

FIND MORE
Position yourself in the Okanagan's most visually comprehensive business directory.

Showcase your business like no other marketing can and Join the growing number of businesses that get more customers.
Learn more here



15649

RSS this page.
(Click for RSS instructions.)

Member of BC Press Council