Posted on 05/21/2019 1:12:40 AM PDT by Cronos
US car giant Ford has announced it will cut 7,000 jobs globally by the end of August in an effort to save costs.
The plan will reduce Ford's salaried workforce by 10% and will be made through both voluntary and forced redundancies, according to the firm.
Ford said the plan, which includes 2,300 cuts in the US, will save the company $600m (£471m) a year.
It is the second major US carmaker to announce redundancies, following GM which is shedding 14,000 posts.
Ford is already making cuts in Europe as part of a shake-up first revealed at the beginning of the year.
In March, Ford said it would axe 5,000 jobs in Germany, including hourly, salaried and temporary staff.
It will cut the management layers to 7 from the current 14..
(Excerpt) Read more at bbc.com ...
Sounds like the nuts and bolts guys are safe, and it’s mostly management that takes the hit.
The persons let go can stay a few days to say goodbye ?....what ? It’s business nothing more , touchy feely approach that could allow for some revenge of old grudges . Not a very wise move in my opinion.
surplus management, yes. The nuts and bolts guys are the most important now since the work is highly automated so the workers remaining are highly, highly skilled engineers
In other words, take your EU and shove it.
Watch this over the next day or so. It wouldn’t surprise me if the LSM says Trump caused the layoffs of 21,000 people in Detroit.
American money is Green and German energy policies are Green, but kinda like 50 shades Hades. Angie has made Germany unsafe and she lost her “focus”. Ford is in the business to make money and the policies in the EU are first protectionist, second in competition with the US, and third headed towards a period where government investment in electrical propulsion is going to favor the home brands rather than Ford.
Circle the wagons cause the fallout from political and economic realignment is going to bring them roosters home (America) to rest and them chickens (Apple) are going to find profits and the US market closed to their comprised products.
Germany’s economy is going to continue to implode with an imported workforce that takes more than it gives.
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