Ford Genk: the Commission approves part of the assistance package for training granted to the Belgian factory

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5 July 2006 à 14h57

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2 minutes

Publication: 5 July 2006 à 14h57

Reading time: 2 minutes

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The European Commission validated, on July 4, a first State aid of 6.24 million Euros that the Flemish government plans to grant the Ford-Werke factory, located in Ghent, Belgium ("Ford Genk"). This aid is for training purposes. However, the second aid of 6,04 million Euros is considered incompatible Community rules on State aid. (Réf. 06687)
Publication

5 July 2006 à 14h57

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2 minutes

Publication: 5 July 2006 à 14h57

Reading time: 2 minutes

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The Flemish government wished to grant an aid of 12.28 million Euros in favour of a training scheme, whose total cost amounts to 33.84 million Euros, in Ford Genk (5000 employees), the Belgian subsidiary of the Ford Motor company. A mass-layoff plan, implemented at the end of 2003 within the framework of a general restructuring of Ford Europe, led to the shedding of approximately 3000 jobs. The company also announced an investment plan of 700 million Euros to set up a new system of flexible pro

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