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Ford announces closing of Brazil manufacturing operations

Ford announces closing of Brazil manufacturing operations

Ford has announced the closure of its last three factories in Brazil. The carmaker blamed the pandemic, which it said had amplified years of poor sales and ’significant losses’ in the region. The closure would impact about 5,000 jobs. The company said it expected the wind-down to cost $4.1B, including separation payments.

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Ford announces closing of Brazil manufacturing operations

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