rjhenn
Champion Member
Posts: 1,422
|
Post by rjhenn on Oct 10, 2018 3:22:40 GMT -5
Ford Prepares for Mass Layoffs After Losing $1 Billion to Trump's Trade Tariffs, Report SaysFord is having a bad year in 2018. Its stock is down 29%, and the tariffs imposed by President Trump have reportedly cost the company $1 billion, as the company is in the midst of a reorganization. Now, the company is announcing layoffs. Jim Hackett, Ford’s CEO, is working to engineer a $25.5 billion restructuring of the automaker, hoping to cut costs and remain competitive, the Wall Street Journal reports. But auto sales are down, and one reason is the trade tariffs that Trump has imposed on metals and other goods. According to Bloomberg, Hackett has said they have already cost the company $1 billion in profit and could do “more damage” if the disputes aren’t resolved quickly. Ford, the No. 2 U.S. automaker by sales, is making aggressive job cuts as part of that reorganization, NBC News reported. While the company hasn’t said how many jobs will be lost, a report from Morgan Stanley estimates “a global headcount reduction of approximately 12 percent,” or 24,000 of Ford’s 202,000 workers worldwide.”
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Feb 3, 2019 12:07:46 GMT -5
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Feb 14, 2019 8:17:15 GMT -5
And RECALLS on lots of the F Series P Ups for FORD now .
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Feb 17, 2019 20:03:10 GMT -5
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Feb 20, 2019 15:09:16 GMT -5
Cheap Non Lasting Shoes, gone with the WIND
|
|
weaslespit
All Star Member
Social Liberal, Fiscal Conservative - Usually
Posts: 11,468
|
Post by weaslespit on Feb 26, 2019 13:47:34 GMT -5
Cheap Non Lasting Shoes, gone with the WIND They didn't make the shoes...
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Feb 26, 2019 16:12:53 GMT -5
Last Friday morning we went to Dadeland Mall, and to our surprise, the Payless there was opened and clearing out the Aisles, the Mrs and I did not come across a single decent buy in the Store, we left empty handed..
Funny, because 3 days before at Famous Footware by our home I got some exceptional buys on casual shoes, better quality and way cheaper that the ones at the dying Payless !!!
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Apr 6, 2019 13:37:32 GMT -5
Roger Stone defends Trump's attacks on Barbara Bush: 'She's dead and he's president'
Both replies WRONG !!!!!!!
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Apr 7, 2019 10:52:19 GMT -5
And the Country's Economy has never been this Good ? ? ? ? Wahawah Cow's Manure
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Apr 11, 2019 5:09:32 GMT -5
More troubles for FORD.... Ford is recalling 327,000 F-Series pickup trucksHERE : tinyurl.com/yyhnmwtl
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Apr 27, 2019 7:43:48 GMT -5
More trouble for FORD.... Ford faces criminal investigation into emissions testing. Read it ALL here: tinyurl.com/y5n9s736
|
|