Source Pravda.Ru

Ford dismisses 700 workers: no one buys cars

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

US car maker Ford is cutting 700 jobs at its Michigan plant to compensate for declining of sales.

It was said in the statement of the carmaker issued on Thursday. First 200 workers will fired in June at the Michigan Assembly Plant, in the Detroit suburb of Wayne, other 200 at the end of July and the remainder at the end of September.

Low gasoline prices have hurt the sales of the plant, which produces small cars and hybrids. Ford officials said consumers are not buying what the plant is producing.

The automaker hopes it can find new jobs for all laid-off workers within a year.

In January, President Barack Obama visited the Michigan Assembly Plant to hail the "resurgent" US auto industry. But the plant was briefly shut down even during his visit to prevent overproduction of the slow-selling cars.

In July 2013, Detroit, the birthplace of the US auto industry, became the largest American city to ever file for bankruptcy protection.

In December 2013, a federal judge ruled that Detroit was eligible for bankruptcy in what has become the largest municipal bankruptcy in US history. The city is $18.5 billion in debt.

Read also: Ford Elaborates a Heady Scheme of Hiring

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