Sao Paulo state seeks buyer for Ford plantStaff Writer | February 22, 2019
Authorities in Brazil's southern Sao Paulo state said Thursday they are looking for a buyer for a Ford automotive plant that is about to close.
LatAm Governor Joao Doria
Doria spoke with reporters after meeting with Lyle Watters, president of Ford's South America operations.
Ford announced Wednesday that the plant in Sao Bernardo do Campo would be closing, though not immediately, as the company scales back operations in the region.
Ford will stop selling trucks in Brazil, and cut back its operations and labor force in South America by 20 percent.
About 3,000 people work at the Sao Bernardo do Campo plant, but the move is expected to lead to the loss of as many as 20,000 jobs, because of the region's reliance on the vehicle manufacturing sector.
According to Doria, Ford's three other plants in Sao Paulo state will remain in operation. ■