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Ford Closes Windsor Plant; Hundreds Lose Jobs

By Laura Trowbridge     May 29, 2007 in Business
Two days after thousands of people were seen in Windsor, Ontario protesting the loss of manufacturing jobs, Ford shut down the casting plant in Windsor which employed around 450 people.
Ford wants out of the business of casting engine parts. They said last year that they would be closing the Windsor plant. The closure came today. Earlier this month the company announced it will close a casting plant near Cleveland, Ohio.
Ford will now be focusing on more noticeable car parts like engines and transmissions. They will be looking for outside sources to produce the cylinder block castings that they no longer will handle.
"Workers at the 73-year-old Windsor plant were offered buyout or early retirement packages worth up to $100,000. The company also said it worked with the Ontario government to open an employment counseling center to help with job searches and training."
Ford will be closing ten plants as part of a restructuring plan to lessen its production capacity since the consumer demand for Ford cars and trucks has greatly diminished.
They are hoping to turn the company around and become profitable again in the future. They plan to close 16 facilities by 2012. Ford has lost $282 million in the first quarter of 2007. Last year they had losses of $12.7 billion.
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