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The only "leadership" and brilliant business planning you see from these contemporary corporate toads is just reducing headcount. A blind chimpanzee can do that. That takes no effort or brilliance. You don't need to pay these useless suits millions of dollars just to decimate their workforce.
So those who were "fortunate" enough to get left behind will be left with a plate full of P** and with 4x the responsibilities thrown on them for no extra pay. But its "efficient" right? Its more "efficient" to have 1 human doing the work of 4. Nothing can go wrong there.
lol, true, re: bolded. The company's reducing the wrong people, it sounds like.
Is Ford struggling? Or are their upper management just getting greedy?
Ha ha. I love it when people complain about "suits." If one of you were offered the job, you would take it in a minute.
I don’t think that’s true at all. I think it requires a very type A personality to want to give up all semblance of a life for an ambitious job. If I could run a company I’d like to think I’d have a different mindset, in any case.
I don’t get the whole thing though. Anyone who would like a high salary must never complain about anyone who gets a high salary no matter what they do or it makes them hypocrites? Is that what you’re saying? If a congressman wants to be President one day, are they hypocrites for criticizing something a president does? I don’t get what you are saying.
And those SUVs don't build themselves - are you telling me the jobs are so different they can't retrain their current to go from cars to SUVs? They all work on all different models depending on what line they're working on.
But hey, we're talking white collar, not line workers...so even less retraining...
The problem is auto and truck divisions each had a full staff of white collar employees. Close down car division, and you no longer need a large portion of white collar staff from that division. Example is engineers in car division is nothing for those engineers etc. to do. Their jobs have gone away. They already have a full staff in the truck division. The reason to retain blue collar workers, is they will be working on the assembly lines converted from cars to trucks.
Given their financials are public, can you show the math you used to come to this conclusion?
Are the full financials of public companies public. I am pretty sure they are not. I dont think detailed financials are avalible (such as individual bonuses paid, how much each employee or C level executive is making, etc). How much their profits are after expenses.
Pretty sure none of this is published for the public. Or if it is it is buried it so much convoluted paper work and is not clearly presented in a single sheet. No one has time to dig through piles of "financials" on their own time for free.
The problem is auto and truck divisions each had a full staff of white collar employees. Close down car division, and you no longer need a large portion of white collar staff from that division. Example is engineers in car division is nothing for those engineers etc. to do. Their jobs have gone away. They already have a full staff in the truck division. The reason to retain blue collar workers, is they will be working on the assembly lines converted from cars to trucks.
Maybe if engineers start converting their skill sets to making nuclear weapons for other countries the fed govt would start ensuring some protection for engineers to stop this crap. Engineers should have equivalent status and job protections as doctors. Maybe its going to take something radical to get it through to leadership.
I don't believe Hillary would have started a trade war, but they voted with who they thought had their best interests, looks like either they were conned or they were foolish.
The real issue is Trump is only doing about 1/4 of what he said he would and because he is leaving the other 3/4 undone it will result in extra suffering with no bennifits for the average person down the road.
The people wanted 40-50% tarrifs on EVERY THING from china - which didnt happen
The people did not want corporate tax cuts - which happened
The people wanted strict swift immigration control and immediate suspension of all H1B and the like - there was some small measure of this but not enough to open up the market making it EASY for Americans to get GOOD jobs. Despite all the hype, its still a nightmare to get a GOOD job (in an office with an ice maker and a coffee maker, flex time, vacation 6 figure, etc), no matter what kind of skills and education you have (unless you happen to live in the exact right area with the exact right skills).
I think the democrats will get the house and senate this nov and we will likely get a socialist president the next time around. People are getting mad and wont tolerate miserly employers dolling out chicklets for pay checks as they rake in billions. Its going to suck as I dont agree with socialism but all you charlies gals out there you are going to get what you sow.
At the end of the day americans are tired of the job search for GOOD jobs being a nightmare. I dont blame them, I have been looking for almost a year now, its fing hell.
Ford is dropping cars as car sales are rapidly declining, so those assembly lines can be converted to trucks and SUV, where sales are rapidly taking over the industry.
If the assembly line can handle Trucks at a good profit, it does not make sense to keep building low profit cars on that assembly line, so they will convert them to become more profitable and fill the demand. The see demand for cars is declining, and makers are going to be cutting prices, again lowering profits.
They now have car engineers with nothing to do. They will have model builders to make full size cars for evaluation, and nothing to do, just for a start. Note they have not announced lay off on assembly lines as they can build trucks. There are other jobs with workers and nothing to do.
First thing companies in this position is to ask older workers to volunteer with a big severance many will jump at it with pleasure from both the car and truck divisions. They then re-valuate and offer severance packages to other employees. In the end few people will be laid off with severance packages depending on pay rate and length of service.
Things like this have been going on, for many decades.
Most people on this thread are thinking companies are terrible. Remember Ford is unionized and it will be negotiated with the auto workers union.
The real hit will be with contractors and 3rd parties. The trickle down lay offs will be astronomical and then the tertiary effects with tens of thousands of people no longer spending will lead to contraction of other jobs. Then foreclosures, homeless camps, crime will come and everyone one will be saying, I cant believe this is happening its a travesty, we need to round up the homeless and "put them somewhere" ..... hmm how about back in a stable job?
Its going to be a nightmare. Companies that dont have stable growth and have to rely on mass lay offs to stabilize their books are terrible, they deserve to completely go out of business or have suffer govt action.
Ford trucks start breaking down at like 120k miles, thats a serious problem.
Ford is dropping cars as car sales are rapidly declining, so those assembly lines can be converted to trucks and SUV, where sales are rapidly taking over the industry.
If the assembly line can handle Trucks at a good profit, it does not make sense to keep building low profit cars on that assembly line, so they will convert them to become more profitable and fill the demand. The see demand for cars is declining, and makers are going to be cutting prices, again lowering profits.
They now have car engineers with nothing to do. They will have model builders to make full size cars for evaluation, and nothing to do, just for a start. Note they have not announced lay off on assembly lines as they can build trucks. There are other jobs with workers and nothing to do.
First thing companies in this position is to ask older workers to volunteer with a big severance many will jump at it with pleasure from both the car and truck divisions. They then re-valuate and offer severance packages to other employees. In the end few people will be laid off with severance packages depending on pay rate and length of service.
Things like this have been going on, for many decades.
Most people on this thread are thinking companies are terrible. Remember Ford is unionized and it will be negotiated with the auto workers union.
I just think it will be rather comical if gas spikes to $4 a gallon next year and the SUV and truck sales take a nose dive. I own a Ford, but I can't say I completely understand why they are completely scrapping their cars. Time will tell!
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Its more "efficient" to have 1 human doing the work of 4. Nothing can go wrong there.
