Ford Motor Co expects to pay about $750 million in severance to hourly workers at its factory in Genk, Belgium, which the second-largest U.S. automaker plans to close by the end of 2014, the company said in a regulatory filing on Tuesday.
The plant employs about 4,000 hourly workers and 300 salaried employees. Negotiations over severance between Ford and salaried workers at the plant are under way.
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Ford and its hourly workers reached a deal last week to go through with its plan to close the Genk factory.
(Reporting by Deepa Seetharaman; Editing by Gary Hill)