Ford is to closed the Ford Transit factory in Southampton, England after 40 years being produced there. It has also closed the Genk factory in Belgium where the Ford Mondeo/Contour is built. The Southampton plant will close in July 2013.
According to British website and news programme, ITV News it said that it lost 1,400 jobs in the UK and 4,300 jobs in Belgium.
However next year, Ford is to introduced new Mondeos (to be called Ford Fusion in North America) and Transits.
The reason why Ford closed the factories to restructure its business and to so that the city of Southampton could go out of recession.