Using the same One Ford plan that led to strong profitability in North America, we will address the crisis in Europe with a laser focus on new products, as tronger brand and increased cost efficiency.
We recognise the impact our actions will have on many employees and their families in Europe, and we will work together with all stakeholders during this necessary transformation of our business.
– Alan Mulally, Ford president and CEO
While we are facing near-term challenges in Europe, we are fully committed to transforming our European business by moving decisively to match production to demand, improve revenue through new products and a stronger brand, improve our cost efficiencies and take advantage of opportunities to profitably grow our business.
Unions have described the loss of up to 750 jobs at a Ford plant in Dagenham as a "devastating blow".
Justin Bowden of the GMB union says the news that Ford will close the Stamping and Tooling plant came as a complete shock and workers arriving had no warning that their jobs were going. Ford blames the closure on a fall in business for commercial vehicles. Sales have dropped 28% in four years.
The company says it is offering relocation to the new engine plant in Dagenham, or generous redundancy payouts for those who want to leave. Workers though fear that if they transfer they will eventually lose their jobs at the engine plant too.
Unite, Britain's biggest union, has accused Ford of betraying its loyal workforce in Dagenham and Southampton, as well as its loyal UK customer base and has vowed to fight the closures announced.
Ford has announced the closure of its stamping and tooling facility in Dagenham and the end of production of the renowned transit van at its plant in Southampton by 2013, with a total loss of around 1500 jobs and more in the supply chain.
Ford has betrayed its workforce and its loyal customer base. Unite is going to fight these closures. This announcement has been handled disgracefully.
Only a few months ago Ford was promising staff a new transit model for Southampton in 2014. The planned closures will really hurt the local economies and the supply chain will be badly hit - up to 10,000 jobs could be at risk.
The Transit has been the best-selling van in the UK for over a quarter of a century.
– Unite general secretary Len McCluskey
It has a future in the UK if this government is prepared to fight for real jobs and persuade Ford to keep manufacturing vehicles in the UK.
It's now time for Vincent Cable to put his words into action and intervene for the sake of British manufacturing and skilled jobs.
Unite will be meeting with our own UK union representatives and our European colleagues over the coming days to discuss the next steps.
Where is the 'good news' in the real economy today Mr Cameron? Ford is ending vehicle production in the UK after almost a century.
For more on this story visit the ITV News Meridian website.
The Ford Transit used to be white van man's transport of choice and has been the best-selling van in the UK for over a quarter of a century. For more on this story visit the ITV News Meridian website.
Ford is to close a plant in Dagenham, Essex, with the loss of jobs, sources told the Press Association.