Skip to comments.Ford Motor Co to cut 10% of white-collar jobs as part of global restructuring
Posted on 05/20/2019 8:19:49 AM PDT by yesthatjallen
Ford Motor Co said on Monday it will eliminate about 10% of its global salaried workforce, cutting about 7,000 jobs by the end of August as part of its larger restructuring in a move that will save the No. 2 automaker $600 million annually.
Ford Chief Executive Officer Jim Hackett said in an email to employees that the cuts include both voluntary buyouts and layoffs, and a spokesman added it freezes open positions as well. About 2,300 of the affected people are employed in the United States, the spokesman said.
To succeed in our competitive industry, and position Ford to win in a fast-changing future, we must reduce bureaucracy, empower managers, speed decision making, focus on the most valuable work and cut costs, Hackett said in the email.
Ford has been restructuring its operations globally to improve profitability and speed product development, making or announcing cuts in Europe, South America and Russia.
(Excerpt) Read more at reuters.com ...
translation: Democrat Motors is trying to move Michigan out of the Trump column.
If Ford, GM, Dodge/Chrystler and the rest want to sell more vehicles, they need to lower the prices by about half. What blue collar working person can afford $40,000 to $70,000 for a damned vehicle? Henry Ford made it a point to make his vehicles affordable for those who made them and for most others in society. What ever happened to that concept?
Mr. Mom - The Sequel
My buddy on the inside said it is all going down tomorrow.
Does anyone besides Bill Belichick still wear a “white collar”?
Is there something about Ford I don't know?
“Is there something about Ford I don’t know?”
Me, too. Very happy with my Ford Escape. *SHRUG*
We have a huge Ford Truck factory in Louisville.
Democrat Motors? You mean the one that had to take a huge government bailout instead of smartly acquiring assets before the financial crisis? Oh wait, thats GM, not Ford.
A business has an obligation to its shareholders to maximize profits. Period. And old, industrial manufacturers have a habit of getting too fat in the middle. Especially when they don’t make sedans in the domestic market anymore.
Relax. Not everything is a plot against DJT.
I moved from Seattle to KY 8 years ago. One thing about auto manufacturing I’ve discovered:
There is a huge Toyota plant in Georgetown. They make Camry’s there and I don’t know what else.
All Corvettes are made in Bowling Green, KY.
There is a Massive Ford truck manufacturing plant in the SE Louisville area.
According to Open Secrets, Ford appears to butter their bread on BOTH sides when it comes to political contributions, but leans just a tad to the Right.
As a 76 YO, I can't lift 40 lbs over the side anymore.. Plus they even have the new pickups jacked up too high.
I believe they could lower the sides like pickups used be and lower the overall height of the truck a couple of inches as well.
They also need to increase quality. I won’t ever buy another GM product. In fact, after owning a scion 1st gen xB (225k miles on it and still runs like new), and what I’ve heard about the Camry, I’ve completely switched to being a Toyota only guy. Period.
I’m old and it’s all about reliability. When I see blatant fails on a car I’m done with the brand. I’m not an auto beta tester. I did that with a brand new 1980 Buick Skylark. I swore I wouldn’t buy another GM product I violated my rule and got a 2004 z71 silverado. The truck harkens back to the 60’s - everything breaks. And most of them are chronic problems with the truck. I’m talking failed instrument cluster, failed fan switch, failed heater output control, failed mirror motors, window motor, exhaust, can’t get the spare off, rusted through brake lines, power steering hose connector.
About the only thing that has not failed is the actual 4WD drivetrain. What crap.
If those white-collar jobs are in Fords HR Dept, Community Outreach, and Diversity programs, then theyll be OK.
"The Louisville Assembly Plant is an automobile manufacturing plant owned by Ford Motor Company in Louisville, Kentucky.
The 3,154,173-square-foot (293,032.3 m2) plant on 180 acres opened in 1955 and currently employs a total of 4,554 people. It is located adjacent to the Louisville International Airport on the south side of the city.
Ford also operates another plant in Louisville, Kentucky Truck Assembly. The plant houses approximately 20.1 miles (32.3 km) of conveyor belts. "
I used to enjoy watching Ford fill the U of L parking lot with new cars during the first part of the week, then empty the lot (shipping a lot by rail) by Friday afternoon.
I was talking about the truck assembly plant. I didn’t know about the one near the airport.
Two words for you: Government mandates.
Prices are insane.
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