Ford Layoffs

Job cuts loom over Ford's mysterious 'fitness' plan

After a year of delays and missteps, Ford Motor Co. employees are warily awaiting details of CEO Jim Hackett’s promised “fitness” plan and whether it means job losses — as investors look for signs of hope.

Does $11 billion planned in "restructuring charges" over three to five years mean thousands of worker buyouts, as suggested by market analysts?

“The problems for Ford now aren’t financial, they’re strategic,” said Marick Masters, a business professor at Wayne State University.

“The company needs to adjust to an industry changing rapidly, and no one knows where it’s going to end up in 10 to 15 years and who the major players will be. There is concern about whether or not it is being led in the right direction.”
https://www.freep.com/story/money/cars/2018/09/06/ford-motor-jobs-jim-hackett/1195068002/
 
Are they still making that Taurus? What a piece of crap. That could explain it. :)
 
Not taking that Obama bailout was probably a bad move.
 
I thought earlier this year Ford announced they were cutting out of the passenger car market.
Only sell trucks and SUV'S.
Might need a few less people when that plan is executed.
 
Back
Top