Ford cutting thousands of US jobs

[Jimbo Gomez]

Ford cutting thousands of US jobs

Ford's US sales have been flagging
Ford is cutting 14,000 white-collar jobs in North America as it tries to turn round its flagging business.
It is also to close 16 factories by 2008, instead of shutting 12 by 2012 as previously announced.

It said these measures would help it reduce annual costs by about $5bn (£2.65bn) by the end of 2008.

Ford had earlier said it would offer redundancy and early retirement packages to all of its 75,000 unionised US blue-collar workers.

Loss-making prediction

About 4,000 of the 14,000 job cuts have already been made earlier this year, Ford said.

Redundancies of 25,000 to 30,000 of its hourly-paid workers - primarily involved in making and assembling parts for new vehicles - were announced earlier but will now be completed by 2008, four years ahead of the previous schedule.

The steps we are announcing are clearly needed to ensure the ultimate turnaround of the business in Ford's biggest market

Alan Mulally, Ford chief executive

Ford said it would close an engine factory in Essex, Ontario, Canada, next year, and a stamping plant in Maumee, Ohio, US, in 2008.

An assembly plant in Norfolk, Virginia, US, will close in 2007, one year ahead of schedule.

And the firm, which posted a $123m (£66.5m) loss in the second quarter 2006, also now says its US plants will not see profit until 2009.

Ford will also suspend its share dividend payout as part of the cost-cutting.

"The steps we are announcing today are clearly needed to ensure the ultimate turnaround of the business in Ford's biggest and most important market," said chief executive Alan Mulally.

As Ford's European operations are profitable British employees are unaffected by the announcement.

Argus Research analyst, Kevin Tynan, said that Ford was likely to continue losing market share.

"That's going to be painful because that share is going to slip below the 15% they anticipate," he said.

"It will go to about 12 or 13% before it stabilises so there will need to be additional costs taken out."

He added: "Historically, the last thing the family wants to do is cut the dividend, so to suspend it speaks to how serious the situation is."

Independent review

When it first floated its redundancy programme the troubled firm said it was prepared to make individual buyout offers of up to $140,000 (£74,100).

Separately, two senior Ford executives, including chief operating officer Anne Stevens, announced they were stepping down a week after new chief executive Alan Mulally replaced former boss Bill Ford.

In January, the Detroit-based company had said it would cut up to 30,000 jobs and close 14 plants by 2012.

In July, Ford hired an independent adviser to carry out a strategic review of the business in an effort to return to profitability.

And last month, it announced its luxury UK car brand Aston Martin - made famous by James Bond - could be sold off under its shake-up plans.

There are also suggestions that Ford needs to cut back on the number of models it makes under its eight brands.

Ford currently operates the Ford, Land Rover, Mercury, Lincoln, Jaguar, Volvo and Aston Martin brands, and has a joint operation with Japan's Mazda.

Around the globe Ford employs a total of 300,000 workers.


http://news.bbc.co.uk/2/hi/business/5345574.stm

[Niko Bellic]

The big U.S. manufacturers are going to keep shrinking until they can dump their retirees.

[Ridder in de Orde van Cicero]

Good news. Henry Ford was a very nice antisemitic man. Glad to hear that they fired thousands of negro's and latino's. Let them work in Africa or Mexico.

[White]

Ford cutting thousands of US jobs...

So what is the point? This type of cost-cutting and restructuring happens all of the time.

[Commander]

Ford is closing 2 plants in Windsor, Ontario, one of which is the Essex Engine plant which is only about 25 years old. Lot's of workers [almost all white] gone there. I think all of these big companies want to completely do away with high wage jobs, only Wal Mart like work / wages is going to be left.

As for what an earlier poster said, Henry Ford Sr. was very Jew-wise, that is true. What you may not know, is the current management is very anti-white, pro homosexual, pro minority, & so on, all the Jewy sort of things they can do, they are doing.

[OVERWATCH]

Good news. Henry Ford was a very nice antisemitic man. Glad to hear that they fired thousands of negro's and latino's. Let them work in Africa or Mexico.

These closings and cutbacks are going to hit whites, harder than coloureds.

[Ridder in de Orde van Cicero]

These closings and cutbacks are going to hit whites, harder than coloureds.

That's also good news. A workless Aryan without a job would be more agressif and patriottic than a Aryan who's life is perfect.

[Anarch]

So basically it's because the U.S. is one of the only countries not to have a government funded Superannuation?

The US has social security and Australia is phasing out government funded pensions, I think.

[Boleslaw]

These closings and cutbacks are going to hit whites, harder than coloureds.
Correct....I see the effects of these job-cuts first hands in my area. Some of my relatives just lost their enginnering jobs at the automotive companies because of these job-cuts.

Many educated young people are leaving my state in droves because of the lack of jobs in the area due to the job-cuts, which will be a major issue in our election for govenor this November. Of course with all these native young people leaving, that means the workforce needs to be replaced with more immigrants, which is exactly what is happening. :mad:

[Desolation Angels]

The big U.S. manufacturers are going to keep shrinking until they can dump their retirees.

It's called union busting. It's the wave of the future for all corporations.
It's happening in the Airlines, General Motors, Ford and prety much all areas of American manufacturing.
Unions are the reason why US cars cost so much and are of such poor quality. They are not driven by high quality so they do a half assed job knowing can't be fired.
American produced cars are uninspired crap but don't take my word for it, take a look at the resale value of their products.
Look at the cars Lexus builds in Japan, top shelf products because the build quality comes from within the japanese people, they could not sleep at night knowing they made a tiny mistake then lessened the quality of the product.
Craftsmanship comes from the heart and mind, not by throwing dollars at your people to get them to do what they should want to do anyway.
I come from the south where the work ethic is strong and unions aren't very popular. Lazy yankees! :mad: And using union dollars to support intellectually corrupt politicians to boot!
The new Ford CEO is the ex Boeing skipper, a real sharp troop, if Ford can be saved he's the man that can do it.

[Jimbo Gomez]

That's also good news. A workless Aryan without a job would be more agressif and patriottic than a Aryan who's life is perfect.


Did you even work for a single day in your life? Do you have a family to feed?

[Ridder in de Orde van Cicero]

Did you even work for a single day in your life?

What if I work every day and still got nothing ?

Do you have a family to feed?

Is your familiy feeding you ?

[OVERWATCH]

The 'worse is better' mentality is seriously flawed; this is because it is pushed by apocalypse worshippers, who are, rhetorically speaking, guys standing on the streetcorner with signs saying "REPENT YE! THEE DAY OF JUDGEMENT IS NIGH!!!"

They refuse to see the immediate and real consequences of the decline they cheer on with glee. A family which is denied an honest income for support is a weaker family; they are more likely to sink into self-destructive escapism like alcoholism or drug abuse; more likely to fracture in divorce. This is not good neither short, nor long-term, yet the apocalypsists are filled with some fanciful vision that this is producing stronger people and mighty warriors to fight in their mythic war which most likely will never come.

[Niko Bellic]

It's called union busting. It's the wave of the future for all corporations.
It's happening in the Airlines, General Motors, Ford and prety much all areas of American manufacturing.
Unions are the reason why US cars cost so much and are of such poor quality. They are not driven by high quality so they do a half assed job knowing can't be fired.
American produced cars are uninspired crap but don't take my word for it, take a look at the resale value of their products.
Look at the cars Lexus builds in Japan, top shelf products because the build quality comes from within the japanese people, they could not sleep at night knowing they made a tiny mistake then lessened the quality of the product.
Craftsmanship comes from the heart and mind, not by throwing dollars at your people to get them to do what they should want to do anyway.
I come from the south where the work ethic is strong and unions aren't very popular. Lazy yankees! :mad: And using union dollars to support intellectually corrupt politicians to boot!
The new Ford CEO is the ex Boeing skipper, a real sharp troop, if Ford can be saved he's the man that can do it.


You're preaching to the choir with me. The problem isn't the pensions as much as the health care. The retirees get full medical and prescription coverage. As nice as that sounds, it's unsustainable. Honda has no problem operating at a profit in America, and they provide the same pay and benefits as a UAW contract, but all you get for retirement is a 401k.

I haven't seen anything yet with Ford that would make me think they are going to make a serious attempt at busting the UAW, they might be waiting to see what happens with this, I posted this months ago and it didn't get any comment.

GM is going to bust the UAW (http://thephora.net/forum/showthread.php?t=7102)

[Kodos]

The 'worse is better' mentality is seriously flawed; this is because it is pushed by apocalypse worshippers, who are, rhetorically speaking, guys standing on the streetcorner with signs saying "REPENT YE! THEE DAY OF JUDGEMENT IS NIGH!!!"

They refuse to see the immediate and real consequences of the decline they cheer on with glee. A family which is denied an honest income for support is a weaker family; they are more likely to sink into self-destructive escapism like alcoholism or drug abuse; more likely to fracture in divorce. This is not good neither short, nor long-term, yet the apocalypsists are filled with some fanciful vision that this is producing stronger people and mighty warriors to fight in their mythic war which most likely will never come.

Thank you, while the unions( the management is stupid too) brought this to some extent on themselves as someone who had a hard time finding a job after college( Im okay now though this job is a temp job) being unemployed really really sucks.

And it don't make you stronger, even if you aren't starving on the street as a man forced to dependence on his parents you really feel worthless.

[Kriger]

The 'worse is better' mentality is seriously flawed; this is because it is pushed by apocalypse worshippers, who are, rhetorically speaking, guys standing on the streetcorner with signs saying "REPENT YE! THEE DAY OF JUDGEMENT IS NIGH!!!"

They refuse to see the immediate and real consequences of the decline they cheer on with glee. A family which is denied an honest income for support is a weaker family; they are more likely to sink into self-destructive escapism like alcoholism or drug abuse; more likely to fracture in divorce. This is not good neither short, nor long-term, yet the apocalypsists are filled with some fanciful vision that this is producing stronger people and mighty warriors to fight in their mythic war which most likely will never come.

Yes, the strength and unity of the family is attacked from many angles, the result being an increasingly dysfunctional White society.

[Desolation Angels]

I will clarify my post to add that I am concerned about the union busting for the airline mechanics union.
This is an area where it is critical that the very best people must be retained
for safety and corporate knowledge of the aircraft.
The last thing you want is a bunch of noobs on the flight line trying to figure out how to fix a given system when all that would be needed is a call to one of your top mechanics who can diagnose a problem in a one minute phone call or conversation. If they run all the top people off I'd be careful of flying that airline.
The quality of the outsourcing these airlines are using is questionable at best.

Case in point, one of my close friends was a top wrench for Northwest airlines. Layoff's became heavy and even his high seniority number was in danger unless he relocated from Dallas to Detroit and still there would be no guarantee of his job retention.
He packed his bags before he was forced to make that decision and opened his own business a year ago which now is thriving. He found a niche market and is currently cornering it in the DFW area.
NWA'S loss is the City of Dallas' gain.
He had a big mortgage, two car payments and a baby on the way and he did not throw his hands up in the air wondering what to do.
He grabbed life by the balls and was back in the black in less than one year. I never heard him cry for the government or system to save him from his trial.
His insight and hard work paid off for him.
Learn to adapt to an always changing environment and you will always succeed..