Ford announced on Monday (11) that it will close all manufacturing activities in Brazil this year.
The company started the year 2020 with 8,000 employees in Brazil. Since then, the company has been carrying out layoffs. Today, it has 6,171 workers. Ford announced that 5,000 laborerswill be let go in Brazil and Argentina, without giving details.
The remaining group in the Brazilian market will maintain some local operations. The automaker's headquarters and testing site in South America will continue to be in Tatuí, Brazil, and the Bahia development center will continue to operate.
According to Bright, a consulting firm specializing in the automotive sector, 84.9% of the 138,000 cars sold by Ford in Brazil in 2020 were produced in the country.
The automaker closed last year with a 7.1% market share, a rate that had been falling in recent years. It came in fifth place in sales of passenger cars and light commercial vehicles, behind General Motors (17.35%), Volkswagen (16.8%), Fiat (16.5%), and Hyundai (8.6%).
Translated by Kiratiana Freelon