Ford And Brazilian Plant Workers Reach Agreement

Credit: Wochit
Published on May 1, 2019 - Duration: 00:28s

Ford And Brazilian Plant Workers Reach Agreement

AutoNews reports that Ford Motor Co.

Has reached an agreement with the workers' union at the Brazil plant it plans to close by the end of the year.

The new agreement makes way for a friendly shutdown or potential takeover by a local buyer.

Ford had announced earlier this year it would shut its Sao Bernardo do Campo plant, which is the company's oldest in the country.

The shut down accompanies Ford's exit from the heavy truck business in South America.

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