Ford to cut up to 4000 white-collar jobs in North America by the end of March
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Ford to cut up to 4000 white-collar jobs in North America by the end of March
Ford Set to Trim 4000 Jobs - - SOurce: The Car Connection
Ford Motor Co. took the first step in its next restructuring by confirming it plans to trim up to 4000 white-collar jobs in North America by the end of March.
Mark Fields, Ford president of the Americas, disclosed the plan in an e-mail distributed to Ford employees. The cuts will include full-time and contract positions. Some of the cuts will come through attrition but others will require layoffs, according to Fields, who is expected to lay out the full scope of the company's restructuring plan in January.
The plan is expected to include the closure of assembly plants and the reduction of other operations. The plan was originally due in October but William Clay Ford Jr., Ford's chairman and chief executive officer, decided to defer implementation to give Fields and his chief deputy Anne Stevens a chance to review the plans and put their own stamp on it.
Ron Gettelfinger, president of the United Auto Workers, confirmed last week that the union has opened discussions with Ford about revisions to the healthcare benefits that are part of the UAW's contract with the automaker. Gettelfinger didn't offer any timetable for completing the healthcare agreement with Ford, but the union has already agreed to a package of concessions to General Motors that is expected to save that automaker as much as $3 billion. Ford's problems with healthcare costs are not as severe as GM's because the company has fewer retirees, but they are still substantial.
Mark Fields, Ford president of the Americas, disclosed the plan in an e-mail distributed to Ford employees. The cuts will include full-time and contract positions. Some of the cuts will come through attrition but others will require layoffs, according to Fields, who is expected to lay out the full scope of the company's restructuring plan in January.
The plan is expected to include the closure of assembly plants and the reduction of other operations. The plan was originally due in October but William Clay Ford Jr., Ford's chairman and chief executive officer, decided to defer implementation to give Fields and his chief deputy Anne Stevens a chance to review the plans and put their own stamp on it.
Ron Gettelfinger, president of the United Auto Workers, confirmed last week that the union has opened discussions with Ford about revisions to the healthcare benefits that are part of the UAW's contract with the automaker. Gettelfinger didn't offer any timetable for completing the healthcare agreement with Ford, but the union has already agreed to a package of concessions to General Motors that is expected to save that automaker as much as $3 billion. Ford's problems with healthcare costs are not as severe as GM's because the company has fewer retirees, but they are still substantial.
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Originally Posted by gavriil
Ron Gettelfinger, president of the United Auto Workers, confirmed last week that the union has opened discussions with Ford about revisions to the healthcare benefits that are part of the UAW's contract with the automaker. Gettelfinger didn't offer any timetable for completing the healthcare agreement with Ford, but the union has already agreed to a package of concessions to General Motors that is expected to save that automaker as much as $3 billion. Ford's problems with healthcare costs are not as severe as GM's because the company has fewer retirees, but they are still substantial.[/URL]
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I spoke with someone influential recently, who said that if people believed that either GM or Ford were sliding towards bankruptcy ... then it would be ... disadvantageous for anyone to buy a GM or Ford car, because the warranties and parts supply would be doubtful.
So, once the public sees GM or Ford sliding towards that financial result, then pretty much everyone outside of Michigan is going to drop any cross-shopping of Hondas, Nissans, Toyotas, Volkswagens, etc with Ford and GM cars (if this happens at all, big assumption here of course).
Change people's expectations, and you change reality!
If people believe GM will go bankrupt ... it will?
Think about it.
So, once the public sees GM or Ford sliding towards that financial result, then pretty much everyone outside of Michigan is going to drop any cross-shopping of Hondas, Nissans, Toyotas, Volkswagens, etc with Ford and GM cars (if this happens at all, big assumption here of course).
Change people's expectations, and you change reality!
If people believe GM will go bankrupt ... it will?
Think about it.
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