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Ford to shut down RP assembly operations

Thursday, June 28, 2012

Ford to shut down RP assembly operations

  • Written by 
  • Thursday, 28 June 2012
Contrary to President Aquino’s claim that businesses are rushing to invest in the Philippines, the local unit of US auto giant Ford Motors announced yesterday it will close its local vehicle assembly plant in the Philippines by the end of the year, with the loss of 360 jobs, as part of an ongoing restructuring across Asia.

The decision will leave the country without a motor vehicle exporter, Ford Group Philippines president Randy Krieger said in a statement.

Ford Philippines is the first and only volume exporter of vehicles from the Philippines and has supplied the Ford Focus, Ford Escape and Mazda3 to Association of Southeast Asian Nations (Asean) markets that include Thailand, Indonesia and Malaysia since 2002.

“This is a very difficult decision. The company studied every possible scenario and opportunity, but we could not make a strong enough business case for future manufacturing,” he added..... MORE

SourceThe Daily Tribune

URL: http://www.tribune.net.ph/index.php/headlines/item/830-ford-to-shut-down-rp-assembly-operations

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