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Ford to Close Engine Plant In Wales In Latest Blow to UK Car Sector

Credit: Wochit News
Published on June 6, 2019 - Duration: 00:38s

Ford to Close Engine Plant In Wales In Latest Blow to UK Car Sector

According to Reuters, Ford said it would close its plant in Bridgend, south Wales next year because of falling demand for some of its engines, putting 1,700 jobs at risk in a further blow to Britainโ€™s once booming car industry.

Ford, which will take a roughly $650-million pre-tax charge to cover the cost of closing the plant, is making cuts in several countries to turn around loss-making operation in Europe.

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