Following its announcement of a 21 percent cut in production, Ford may eliminate 6,000 salaried jobs next month, according to a Bloomberg source familiar with the plan. The reductions equate to about 16 percent of the white-collar workforce at Ford. “Things are going to get worse before they get better,” David Healy, an analyst with Burnham Securities Inc. in Sierra Vista, Arizona, said yesterday. “All of the earnings estimates being published on Ford right now are basically worthless.” Earlier this year, Ford announced plans to layoff 30,000 workers and close 14 manufacturing facilities by 2012.
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08/18, 12:34 PM
posted by:
axel cortez
and then they said we dont know why our workers sense fear LOL… really ford is going DOWN
08/18, 12:43 PM
posted by:
Craig
BOLD moves
08/18, 1:12 PM
posted by:
anonymous
Short term this is a great decision, but long term it won’t do ****. If Ford wants to turn a profit they need to do more then cut expenses, they need to sell CARS, and sell cars without dealer incentives and price slashing.
08/18, 1:22 PM
posted by:
igor
^^Yes, but Ford has good long term plan in place – The first thing Fields did when he took over was fix the product that is in the pipeline .. but it will not show up before 09 model year, so Ford needs to cut costs t oget there …
Besides, Ford has a lot of fat in its bureaucracy – this will only help ..
However, I will agree – if the product coming down the pipeline (All new 2010 focus, 2010 B-cars, 2009 Fairlane, 2009 MKS, 2009 redesigned Mustang, 2009 F150 etc) are not top notch, this will not do jack, but postpone the inevitable.
Igor
08/18, 1:55 PM
posted by:
Teabagger
igor is to Ford as 1952 MG TD is to DCX
08/18, 1:56 PM
posted by:
Ketamin Addict
I think going out in Public with a haircut like Mark Fields is a BOLD move
08/18, 1:57 PM
posted by:
The Stig
Ford only needs to cut one person: Mark Fields.
08/18, 2:00 PM
posted by:
Bad Hair Day
Mark Fields says its not a mullet… it’s a moollay!! tres chic n’est-ce pas?
08/18, 2:22 PM
posted by:
go ford
surprise…neagtive comments
08/18, 2:47 PM
posted by:
Jay
While Ford is firing Honda is hiring…
08/18, 2:54 PM
posted by:
Jay
I WOULD LOVE TO SEE Ford doing good but the way their going there not going to get any where… well actually yes they will get somewhere but that place will be down below. I don’t see any bold moves like they say in their campain, it’s JUST an ADD. Nothing more than that. They have spent too much time on certain models such as the Ford Mustang (all seven or eight of it’s variations) and some time on the F series and Fusion. ALL of their other models are totally neglected. Of course we’d all love to see Ford doing good, but it’s not.
And also everyone talking about Mark Fields haircut, THIS ISN’T about his frickin haircut. I’m sure there are a few three year olds among us… and happily that isn’t me or the few of us that aren’t haters… median please.
Anyways back on track yes Ford is going to cut costs and build up for the upcoming years (2009-10 models) but in the meantime they should still try to make profit, and work on their other (bland) models.
08/18, 6:09 PM
posted by:
Atomicbri
I wonder if Ford’s executives have taken pay cuts to help in their plans to cut costs….Just curious if they have because I have not heard anything of this. Also I agree with the others that Ford has to have some good products in the pipeline, ones that are willing to give us some good design and quality and value for the money. They need to go ahead and price accordingly their new models so they can shy away from those typical deep discounting things they do oh to well and too often, ruining the resale values of their cars.
08/18, 6:11 PM
posted by:
MM
It just keeps getting worse for Ford doesn’t it?
08/18, 8:16 PM
posted by:
Craig
Orgy Porgy Ford and Fun….
08/18, 11:12 PM
posted by:
icareandidontworkatford
I personally hope Ford gets back on-track fast and wish them nothing but the best…..
08/18, 11:36 PM
posted by:
icareandidontworkatford
as long as they keep jaguar runnin…im happy
08/19, 7:38 AM
posted by:
Ben
Does any of you guys in the US know why u have not got the New Ford Focus yet, In Australia we have had it for over a year now, and as far as i know its all over Europe and many Asian countries. If you don’t know what im talking about check it out here. http://ford.com.au/range/focus/models/
08/19, 7:40 AM
posted by:
Ben
Or this site. http://ford.com.au/newfocus/flash.htm?crop=large
08/19, 11:02 PM
posted by:
Carboy
Bold Moves, yeah right
08/21, 10:00 AM
posted by:
GM number1-4ever
This is good news for us GM fans. Ford needs to be destroyed so that GM can prosper even furher.
08/23, 11:16 PM
posted by:
miles
yes die ford die.