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As it looks to return to profitability in Europe, Ford (F) is preparing to restructure its...

As it looks to return to profitability in Europe, Ford (F) is preparing to restructure its operations in the region and close a factory, possibly a 4,000-staff facility in Genk in Belgium, the WSJ reported yesterday. Meanwhile, GM is in talks with labor unions to close an aging plant in Bochum in Germany as it also struggles to turn around major losses.
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Comments (3)
  • Ryandan
    , contributor
    Comments (1614) | Send Message
     
    Ford and GM restructuring? Where are all the Ford and GM shills beating the drums of progress?
    13 Sep 2012, 10:24 AM Reply Like
  • Raymondjram
    , contributor
    Comments (25) | Send Message
     
    All major business do that. It is "business as usual". The CFO will identify where the business is losing money and the CEO will "execute" the decision to cut the losses.

     

    I have seen a famous brand close a store after a few months because that store didn't reach their monthly sales forecast. BTW, the brand initials is "BB" and they use "Geeks". I took advantage of the store closeout and bought a Samsung receiver (original price tag : $800) for only $250!
    13 Sep 2012, 08:53 PM Reply Like
  • Ryandan
    , contributor
    Comments (1614) | Send Message
     
    "Raymondjram"

     

    12 comments since you have been here all on GM. I rest my case.
    14 Sep 2012, 09:16 AM Reply Like
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