Home News Ford plans to exit UK upon Brexit

Ford plans to exit UK upon Brexit

120
0

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.

 

 

 

 

 


Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.


LEAVE A REPLY

Please enter your comment!
Please enter your name here