Ford to layoff 12%!

[sailsmen]

As reported - "The NBC report cited a Morgan Stanley analysis that estimates a 12 percent reduction in Ford's global workforce, resulting in the loss of roughly 24,000 workers. Bob Shanks, Ford's chief financial officer, described the cutbacks as a "redesign" that would include its 70,000 white-collar employees.

With sales lagging well behind its domestic competitor General Motors, Ford has launched a $25.5 billion reorganization plan. It began in earnest in May 2017 when then-CEO Mark Fields was removed.

The company has previously announced it would drop production of its sedan, wagon and coupe models -- save for the popular Mustang -- and concentrate on SUVs and trucks.".

[Spectragod]

The cuts probably have nothing to do with the 60% reduction in manufacturing of vehicles.....


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[1Marauder]

Some are saying the new tariffs are causing extreme 1 billion dollar loss...in addition to thier previous losses/re-org.

Keep saying, enlarge mustang, 1 foot wider, 2 feet longer, add 2 more doors... Land shark Audi and BMW hunter! Call it a.... Marauder!

[Logan86]

It's so weird to see this, I work for one of the largest Ford dealers in the country and it seems like sales are great but I know that's just my view from the bottom. With that said, having dealt with a lot of people at Ford corporate they can trim a lot of fat. One would think the best and brightest end up working for the OEMs but that's far from the case.

[NXSBOB]

Keep saying, enlarge mustang, 1 foot wider, 2 feet longer, add 2 more doors... Land shark Audi and BMW hunter! Call it a.... Marauder!
IMO, that would make too much sense, so it will not happen.

[decipha]

the problem with ford is that they don't advertise their limited production vehicles properly

I only buy limited production vehicles thus I would never own a mustang. I have unique fords as they are the most desire-able to me. The marauder, supercoupe, harley truck, lincoln LS 5-spd.

I don't even know what ford is offering thats limited production right now.

[jsignorelli]

A friend works for a major USA heavy construction equipment company. The new tariffs have hurt their sales by 12% - 15% due to increased costs that must be passed along.