Wednesday, April 03, 2019

Ford must pass the Caoa factory later this year

The Caoa group must assume the operations of the Ford plant in December, if the deal is completed in the next few days. The date was cited in this Tuesday, 2, by Governor John Doria (PSDB), which is brokering the sale negotiation between the company and investors. Although the Governor has said that, for now, there is "only one indication" that the Caoa group is the buyer-because there is still no confirmation of the deal, sources close to the negotiations say that there is already an agreement between the parties. "Ford is going to operate this factory until 30 November and from December, will have a new owner who will continue production, preserving jobs," said Doria. "Very soon we'll be announcing it in finality." This Tuesday, the workers resumed its activities in São Bernardo do Campo after 42 days of outage, since the company announced the closing, on February 12. "We want investors to have as meeting the operation of the factory, the production process and, mainly, the qualification of workers," said the President of the ABC metal workers Union, Wagner Santana. They will work two days a week. Before the stoppage, the journey was three days. According to the Union, the company wants to produce 1700 units of the Fiesta and 843 trucks to terminate the activities. The production return occurred the morning after House opposite the factory. Santana stressed that Ford has no interest in returning to produce to meet trade commitments. He said negotiations with the company for the termination of employment contracts advanced on some items. Is guaranteed, for example, the payment of profit sharing (PLR). Follow on discussion the value of the severance pay and job stability agreement until November to 3000 employees. Santana said he hopes to wrap up this discussion this month. The factory has other 1500 workers. Ford confirmed that workers entered the factory, but there was no production because it takes time to reset machines and do maintenance. The administrative personnel, who was prevented from entering, back to the factory on Thursday. Ford came back saying that Tuesday that "no comments on speculation". Linked to trading source said the announcement of the agreement can leave at any time. That's because Carlos Alberto de Oliveira Andrade, President of the Caoa, "has the power to say: I accept everything or don't accept anything. With the structure that they have and the way they administer the company, things can happen quickly. " According to the source, one of the priorities is to give continuity to the productive process, "while maintaining acceptable levels of employability". The Brazilian Group should assume only the production of trucks under license from Ford, operation similar to that maintained with Hyundai in Goiás. The Caoa also owns 50% of the Chinese Chery, with factory in Jacareí (SP), and is the largest Ford dealership in the country. The information is from the newspaper O Estado de s. Paulo.
Isto É Dinheiro - 03/04/2019 News Item translated automatically
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