Home News Ford plans to exit UK upon Brexit

Ford plans to exit UK upon Brexit


U.S based automotive company Ford informed UK Prime Minister Theresa May about Brexit, indicating that it would cause the company to withdraw from the UK.

The company is alleged to be searching for alternative locations throughout Europe to prevent itself from possible problems of Brexit.

Ford is already going through restructuring.

It aims to reduce costs by $14 billion.

The company employs 13,000 thousand people and has 2 plants in the UK.

The UK Government is planning on providing financial aid to companies that might be affected by a no-deal Brexit, May stated.






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