Markets: Eerie calm

Markets: Eerie calm

it is not clear when market sentiment can change; as in the past, it can be quite sudden.
At a turn and yet not

At a turn and yet not

RBI could be tempted to cut policy rate to support growth at its bi-monthly review.

Ford resumes output at Belgian plant after worker blockade ends

Jan 24 2013, 09:59 IST
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SummaryWork began at the plant on Monday, nearly three months after vehicle shipments stopped.

Ford Motor Co resumed production this week at its plant in Genk, Belgium, after the U.S. automaker and factory workers agreed to end a blockade that has halted work at the plant since October.

"We've very pleased to be shipping and building vehicles again and we're working to get the Genk factory quickly back up to full production," Ford spokesman Mark Truby said on Wednesday.

Work began at the plant on Monday, nearly three months after vehicle shipments stopped on Oct. 24, the day Ford announced it was closing the factory by the end of 2014.

The news triggered protests and a walkout by workers, which prevented Ford from building new cars or shipping several thousand already built vehicles from the plant.

Under a deal reached between the unions and Ford earlier this month, Ford will be able to ship any newly built vehicles from Genk, but is barred from delivering any of the excess inventory. Genk workers also will be paid a shift premium.

The factory, where Ford now makes the Mondeo sedan, and Galaxy and S-MAX minivans, is one of three Ford will close to stem combined losses of at least $3 billion in 2012 and 2013.

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