Posted on 10/13/2018 10:00:50 PM PDT by UMCRevMom@aol.com
The mainstream media is hellbent on ruining President Trump's reputation. Their latest ploy has been blaming him for Ford Motor's recent announcement of layoffs within the company. The liberal media claimed that Trump's tariffs were to blame.
A spokesperson for Ford spoke to Watchdog.org, however, and explained that the whole thing is a "MISCHARACTERIZATION."
The most recent job cuts will have an impact on salaried employees only. Manufacturing employees will not be affected. The spokesperson also explained that it has nothing to do with President Trump's tariffs.
"The reports you have read about our organization redesign work being related to external forces such as tariffs are incorrect," Ford Motor Company spokeswoman Karen Hampton explained to Watchdog.org.
She continued, "This is a global effort and not specific to the U.S. We began this effort recently as part of our CEO's work to make us a faster, more nimble, more innovative company."
Western Journal reports that Hampton explained that she wished the mainstream media who had published articles blaming Trump had spoken to Ford prior to publishing false information.
The company released a statement explaining that the restructuring changes will have no impact on manufacturing jobs or hourly workers whatsoever. The only employees who will be effected by the changes are those in "global salaried positions."
These changes are meant "to support the company's strategic objectives, create a more dynamic and empowering work environment, and become more fit as a business."
Western Journal reports:
Ford has not yet released the specific number of employees that will be lost, but said it will reveal more specifics when the time is appropriate.
Although Trump's tariffs are not causing these layoffs, some analysts have suggested that Trump's tariffs will force Ford and other automakers to lay off autoworkers if trade deals are not reached.
Ford has lost about $1 billion as a result of the international trade war, according to reports, and Morgan Stanley predicted Ford would have to lay off about 12 percent of its global workforce, which is 24,000 people. Ford's stock was down 29 percent in afternoon trading.
Ford's and other automakers' predicament are predominantly being caused by rising steel and aluminum prices, which are a result of the trade war with other nations.
Numerous automobile production companies have praised President Trump's recent trade deal with Mexico and Canada. Ford was one of those companies.
The automotive company has explained that they support policies which reduce trade barriers.
The economy of Michigan is effected by tariffs in a special way because exports and imports with other countries make up 40 percent of the state’s GDP.
"It is clear from the global trade experience, scholarly evidence and economic theory that tariff increases would likely cost us more jobs than we might gain from them,” the Mackinac Center's Senior Director of the Morey Fiscal Policy Initiative Michael LaFaive explained to Watchdog.org.
"To the Trump Administration's credit, they have made as a stated goal eliminating tariffs and subsidies and other barriers to worldwide free trade," LaFaive continued. "That is great, but in the meantime the tariffs imposed already appear to be raising the cost of doing business for many American job providers, and with some unfortunate consequences."
The word tariff by itself is meaningless. You have to specify whose tariffs. Our import tariffs can’t hurt DOMESTIC workers but a lack of one sure can. OTH Their tariffs can hurt our workers.
Thought this was going to be about the slut.
Funny how the left and the MSM are taking the side of global corporatists on issues of trade and not the side of US workers just to score what they think are points against President Trump.
Exactly.
It is also ironic that it’s only called a “trade war” when the USA retaliates in kind. Kind of like saying it’s really a rape only if she fight back and ends up beaten near to death.
Ford Motor Company spokeswoman Karen Hampton explained to... Western Journa... that she wished the mainstream media who had published articles blaming Trump had spoken to Ford prior to publishing false information.
What people don’t understand is that there’s going to be some short-term pain involved. For far too long, we’ve been completely screwed on trade. For this reset, I would gladly pay several dollars more for appliances and such knowing that both the price and manufacturing of said product will both come down and return to the U.S.
I am considering investing in those areas that are currently being hurt, If I can do it in a way that manages risk. The tariffs won’t last forever. For instance, soybeans are down about 20%.
Sounds like they are going to boot lots of high paid middle management and replace them with fewer, younger, lower paid versions. Probably make them train their replacements.
Can a media corporation have a nervous breakdown? We’re watching it.
You mean “Dr. Slut”.
:)
This author needs to learn the difference between “effect” and “affect.”
Thanks for posting. I had seen the fake news about the layoffs.
Bookmark.
Ford stopped making cars, they now only make trucks and SUVs. Why would they WANT to keep an entire batch of people (car designers) on their staff?
Since they’ve welshed on their promise to bring more mfg back to the States, and have gone ahead with expanding Mexican production, they are OFF my radar for any future car or truck buys anyhow. To blazes with Ford!
I likewise thought it was about Squeaky Fraud, attempted character assassin.
So did I!
I thought Blowsey was coming to the president’s defense.
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