Union leaders call for profits to be ploughed back into Southampton's Transit plant

Daily Echo: Ford’s back  in the black Ford’s back in the black

TRANSIT maker Ford is back in the black for the first time in four years.

The multinational firm, which has a van plant in Southampton, made £1.6 billion surplus in 2009, its first annual profit since 2005.

The global cash haul comes in the year when the US-owned car giant slashed the number of workers in Southampton by half.

Now unions at the Swaythling factory have called for cash to be invested there to secure its long-term future.

Behind the headline figure was some less positive news.

Ford’s Europe division, where all the Southampton made Transits are sold, has been in the black consistently for six years, but saw profits dwindle from £997m in 2008 to just £52m last year as the recession took hold.

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Comments (4)

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6:19pm Sat 30 Jan 10

Derek of Dibden Purlieu says...

The tarmac trade must have picked up.
The tarmac trade must have picked up. Derek of Dibden Purlieu

7:41pm Sat 30 Jan 10

Iw61 says...

Derek of Dibden Purlieu wrote:
The tarmac trade must have picked up.
?
[quote][p][bold]Derek of Dibden Purlieu[/bold] wrote: The tarmac trade must have picked up.[/p][/quote]? Iw61

6:16pm Sun 31 Jan 10

Derek of Dibden Purlieu says...

Iw61 wrote:
Derek of Dibden Purlieu wrote:
The tarmac trade must have picked up.
?
We've got a bit f the black stuff left over from a job up the road and was wondering if you'd like your drive done missus?
[quote][p][bold]Iw61[/bold] wrote: [quote][p][bold]Derek of Dibden Purlieu[/bold] wrote: The tarmac trade must have picked up.[/p][/quote]?[/p][/quote]We've got a bit f the black stuff left over from a job up the road and was wondering if you'd like your drive done missus? Derek of Dibden Purlieu

6:14pm Mon 1 Feb 10

Iw61 says...

Nope.
You really have lost me there Derek.
Nope. You really have lost me there Derek. Iw61

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