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Subsidy - EU - Investigate Belgian subsidy to Ford
BRUSSELS, Belgium -The Detroit News (Detroit,Mich,USA) -Nov 9, 2005: -- The European Commission opened an investigation Wednesday into a $14.42 million government subsidy to Ford Motor Co.'s Belgian plant. The grant was intended to help pay the costs of training workers, but the EU said it was concerned that the money might give Ford an unfair advantage over rivals... "There is a risk that this aid simply covers operating expenses of the Genk plant," said EU Competition Commissioner Neelie Kroes. She said she was looking for further details on the scheme so she could decide if it met EU guidelines on training aid... EU rules insist that training for a specific job function cannot be subsidized as much as general training that could produce skilled workers for the entire industry... The Genk plant opened in 1964 and has produced more than 12 million vehicles. The factory currently employs 4,946 people. Last year, it produced 207,163 vehicles... Europe's deteriorating car market and high manufacturing costs led to big losses across Europe that have dragged down the earnings of the U.S. car maker in recent years...
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