Ford Will Have to Pay R$ 2.5 Billion in Compensation to the Government of Bahia After Closing Its Factory

Written by Roberta Souza

Published on 18/06/2021 at 10:08

Logo da Ford/ Fonte: Exame

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Ford Announces Closure of Bahia Factory in January and Will Have to Compensate the Bahian Government for Receiving Tax Incentives

Ford will have to pay approximately R$ 2.5 billion to the state government of Bahia after closing the Camaçari factory in the metropolitan area of Salvador. The automaker received tax incentives since it began operations in the state in 2001. The settlement is expected to be announced in the coming days. See also: Ford Motor “Blew” 61 Billion Reais by Deciding to Close Factories, Halt Vehicle Production, and Leave Brazil

Possibility of Ford Keeping a Presence in Bahia

According to CNN, there is a possibility that Ford will maintain a section of the factory in Bahia to produce parts for the replacement market, but the project has not yet been confirmed. Ford also informed the network that it has received several inquiries from interested parties about acquiring the factory’s facilities, but nothing conclusive.

Ford announced in January the closure of its factories in Bahia and Taubaté, in the state of São Paulo, claiming that they had been operating at a loss for years. In 2019, the group had already closed the São Bernardo do Campo unit in ABC Paulista, which produced trucks and the Fiesta model.

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Compensation for Workers

Ford has already settled compensation with about 5,000 workers from Camaçari and Taubaté after discussions with local metalworkers’ unions. Each received at least R$ 130,000, in addition to regular contract termination rights. Currently, the Taubaté factory is undergoing shutdown procedures and equipment disassembly, with fewer than 60 employees.

After nearly a year of negotiations led by the governor of São Paulo, João Doria, who sought another automaker to replace Ford, the ABC factory was acquired by a real estate group that is transforming the site into a large logistics center.

Ford Will Have to Pay R$ 2.5 Billion in Compensation to the Government of Bahia After Closing Its Factory

Ford Announces Closure of Bahia Factory in January and Will Have to Compensate the Bahian Government for Receiving Tax Incentives

Possibility of Ford Keeping a Presence in Bahia

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Compensation for Workers

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Ford Will Have to Pay R$ 2.5 Billion in Compensation to the Government of Bahia After Closing Its Factory

Ford Announces Closure of Bahia Factory in January and Will Have to Compensate the Bahian Government for Receiving Tax Incentives

Possibility of Ford Keeping a Presence in Bahia

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Compensation for Workers

See Also: Multinational Ford Announces Investments of US$ 30 Billion in Electric Cars by 2025

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Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state wants to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

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