Cost-cutting seems to be the name of the game at car manufacturers throughout the industry, and Ford today announced its latest measures in an attempt to decrease overhead. Over the next two months, the Detroit-based automaker will cut salaried and contract jobs as well as consolidating jobs, among other actions, that add up to a 15 percent reduction in expenses at its white collar workforce.
“We told employees today we are going to cut salaried workforce-related expenses by 15 percent and complete the actions by August 1,” Ford spokesperson Marcey Evans told Automotive News. The salaried employees who are dismissed will be offered standard severance packages, although Ford does not disclose what that includes.
A decrease in profitability and sales, blamed largely on the high gasoline prices and the resulting fall of the F-150 as the best selling vehicle, spurred the move. The automaker also plans to offer hourly, union-represented blue-collar workers at slowing truck and SUV plants buyout packages.
To reflect the needs of the changing market, Ford will launch the Fiesta subcompact in North America by 2010.
06/05, 12:29 PM
posted by:
Supermann1
Ouch…I think murderedout’s mom just lost her job. I think they’ll both soon be selling scrap metal to junkyards or filling potholes in detroit, unless they cant even do that and have to work at some street light or a corner. detroit sure is the ‘best place to live in’, for WHORES. lol
06/05, 12:39 PM
posted by:
johnnycanuck
Perhaps before they’re let go it would be easier just to tie those white shirts to the end of a pole and signal their surrender.
06/05, 12:49 PM
posted by:
Pauly
I like the Fiesta picture. Perhaps they wouldn’t be in such financial trouble if they were selling these right now. I bet they could off load about 20,000-30,000 of them each month with gas prices being what they are now.
06/05, 1:18 PM
posted by:
xyunya
Mistake. They should let board and all suite of VP’s to depart. Those 20-30 asses would cover cost of 20% of payroll and no one would notice their disappearance.
06/05, 2:54 PM
posted by:
NoNameDenton1
Better to smack the white collars then the blue collars.
06/05, 4:20 PM
posted by:
olds307
In Soviet Russia, white-collar workers cut YOU!!
06/05, 4:39 PM
posted by:
Jordan
olds… give it up, man.
06/05, 9:10 PM
posted by:
autonut
In Soviet Russia white collar workers are cut at the knees.
06/06, 10:40 PM
posted by:
DialM4Speed
They need to start at the top. Give pink slips to all those presidents and VP’s and other execs. But heaven’s no! It’s soooo much more easier to s-can those that ACTUALLY do the work.