Ford to eliminate 7,000 jobs

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Thread: Ford to eliminate 7,000 jobs

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    Ford to eliminate 7,000 jobs

    Ford to eliminate 7,000 jobs, or 10% of workforce, by end August

    Published: May 20, 2019 9:25 a.m. ET

    By
    Ciara
    Linnane

    Link to MarketWatch Article

    Ford Motor Co. F, -0.44% is planning to eliminate 7,000 salaried jobs around the world by the end of August as part of its Smart Redesign program, according to an email sent to employees that was published by Automotive News. That will cut its workforce by 10% and help it save about $600 million a year, said the email. Notifications will be sent to North American workers on Tuesday, while restructuring work continues in Europe, China, South America and International Markets Group. The moves will reduce the company's management structure by close to 20%, said the email. "We also made significant progress in eliminating bureaucracy, speeding up decision making and driving empowerment as part of this redesign," it said. Ford shares rose 0.8% premarket, but are down 9.2% in the last 12 months, while the S&P 500 SPX, -0.50% has gained 5.4%.

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    Re: Ford to eliminate 7,000 jobs

    Notifications will be sent to North American workers on Tuesday, while restructuring work continues in Europe, China, South America and International Markets Group.
    It will be interesting to see how many come from the US. Then maybe, just maybe the playing field of criticism here at GMI will be leveled somewhat. Just a thought.

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    Re: Ford to eliminate 7,000 jobs

    Quote Originally Posted by 1958carnut View Post
    It will be interesting to see how many come from the US. Then maybe, just maybe the playing field of criticism here at GMI will be leveled somewhat. Just a thought.
    Another article I read said about 2,300 are in the US.

    https://www.autoblog.com/2019/05/20/...-7000-workers/

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    Re: Ford to eliminate 7,000 jobs

    Must be a pretty poorly run company to sell so many profitable trucks and SUV’s yet still underperform financially.

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    Re: Ford to eliminate 7,000 jobs

    7000 Jobs, 2300 US, 500 in Dearborn this week.
    IF IT AINT RWD; AND A CHEVY I DONT RIDE IT!!!!!

    ALL CHEVY'S NEED TO BE RWD!!!!!

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    Re: Ford to eliminate 7,000 jobs

    Quote Originally Posted by 1958carnut View Post
    It will be interesting to see how many come from the US. Then maybe, just maybe the playing field of criticism here at GMI will be leveled somewhat. Just a thought.
    Looks like 500 layoffs in the U.S.

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    Re: Ford to eliminate 7,000 jobs

    Quote Originally Posted by Mingo View Post
    Looks like 500 layoffs in the U.S.
    2,300 in the U.S.

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    Ok I'm ready for the 12 pages bashing Ford now, oh I forgot this is GMI and we only cry about GM cuz we wants them to dew better.

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    Re: Ford to eliminate 7,000 jobs

    While laying off employees is never a good thing for those employees, do note that Ford is not closing any plants.............. which means they are not destroying any towns.

    However, let the bashing begin.
    The resident "girl"

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    Re: Ford to eliminate 7,000 jobs

    Quote Originally Posted by RamJet502 View Post
    Must be a pretty poorly run company to sell so many profitable trucks and SUV’s yet still underperform financially.
    Ford's infamous bureaucracy and organizational silos have been thorns on its operations for decades.

    Ideally, Ford should cut more than 7k jobs at this juncture. Still, it's good they're taking action to address their bloated structure before the next major economic downturn hits.
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    Re: Ford to eliminate 7,000 jobs

    https://www.freep.com/story/money/ca...rn/3739354002/

    500 this week in Michigan, 800 total in the US by June, 7,000 globally by the end of August.

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    Re: Ford to eliminate 7,000 jobs

    Quote Originally Posted by jzchev28 View Post
    Ok I'm ready for the 12 pages bashing Ford now, oh I forgot this is GMI and we only cry about GM cuz we wants them to dew better.
    Some of us are perfectly happy with GM being mediocre.

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    Re: Ford to eliminate 7,000 jobs

    GM and Ford have dropped a number of sedans, but FORD is better at putting replacement CUV's pickups, etc. in domestic plants. GM's gonna ship new development to China and Mexico.

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    Quote Originally Posted by jzchev28 View Post
    Ok I'm ready for the 12 pages bashing Ford now, oh I forgot this is GMI and we only cry about GM cuz we wants them to dew better.
    Crying about people crying! Cool story bro.

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    Re: Ford to eliminate 7,000 jobs

    Quote Originally Posted by Extreme4x4 View Post
    While laying off employees is never a good thing for those employees, do note that Ford is not closing any plants.............. which means they are not destroying any towns.

    However, let the bashing begin.
    Right, because corporations never close down plants, no company other than GM has done that.

    Sarcasm aside, why do "we" do that? History is littered with examples of "the plant" shutting down and the town being destroyed. Why do we all want to put blinders on and ignore the fact that "the plant" might not be around forever and take proper precautions and plans. Why don't people squirrel away money for when the rainy day comes? Why do people not learn a new trade while "the plant" is still in operation, but the writing is on the wall (sometimes you know it is coming, sometimes you don't). Why do we vilify the companies that shut down "the plant" instead of chastising the town government for failing to attract other businesses? Why do we expect corporations to keep a plant operating indefinitely (kind of like communism)? Why do we all wave the flag supporting capitalism until the plant shuts down and we start talking like communists to keep the plant open?

    And we do this knowing corporations act in their own best interests but want to pretend they don't.

    In other words, why is no blame put on the people for not being prepared?

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