Ford to carry out 1,400 job cuts in the US and Asia

Ford to carry out 1,400 job cuts in the US and Asia

Yesterday, it was reported that Ford was set to cut around 10% of its jobs worldwide in a bid to boost profits and shore up its lagging stock price. Today, that number has been revealed – the action will involve a total of 1,400 non-factory jobs in North America and Asia, according to news reports.

The move, which it hopes to complete by the end of September, will see separation packages being offered to salaried employees in a bid to encourage them to take up a voluntary departure. It added that the action will not involve its factory workers and white-collar staff at its production plants, nor will affect its European and South American units.

The offer will be open to around 9,600 workers in the United States, 1,000 in Mexico, 600 in Canada and 4,141 in Asia. Ford said it will release more details and information to employees next month.

Declining sales in the US and poor performing share – which has gone down by 40% since July 2014 – have brought about the need for such action. The company had announced last month it was planning to cut costs by around US$3 billion this year.

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Anthony Lim

Anthony Lim believes that nothing is better than a good smoke and a car with character, with good handling aspects being top of the prize heap. Having spent more than a decade and a half with an English tabloid daily never being able to grasp the meaning of brevity or being succinct, he wags his tail furiously at the idea of waffling - in greater detail - about cars and all their intrinsic peculiarities here.

 

Comments

  • YB Kunta Kinte on May 18, 2017 at 1:18 pm

    Clever of Ford cause they think long term. But one car company give lifetime jobs. Jobs dijamin seumur hidup.

    Nobody can get sacked despite losing RM4 million per day.

    Like or Dislike: Thumb up 5 Thumb down 0
  • Mikey on May 18, 2017 at 3:19 pm

    Yesterday I defended Ford. Today I’ll whack Ford bcos they say they wanted to cut jobs to boost profits & shore up its lagging stock price.

    This is all a show to tell the 1,400 non-factory jobs in North America & Asia that they “VALUE” Bottom line & Share price more than your contribution. john, its your turn 2 defend. Cheers…

    Like or Dislike: Thumb up 1 Thumb down 0
  • Ford should sacked those lousy designers and non innovative engineers but keeping the good ones only. Same goes those to those stupid accountants or financial advisors who knows nothing about engineering by cutting costs abruptly in R&D and supplier’s parts that had taken a toll in the ford technology ladders and quality of their vehicles stepping downwards.

    Furthermore , there should not have downsize the 1 6 ecoboast engine to 1.5 . Ford should had maintain the 1.6 ecoboast engine by increasing the output and hence reduce also the emission. Ford engineers and top management decisions are very stupid and inept in the making always.

    Look at jaguar ,land rover and Volvo today after leaving ford company and ford inept top management . All of these brands had got tremendous surge in sales worldwide and also leap in better design and engineering of their vehicles.

    Ford us just another proton.
    With lousy designers and engineers and inept top management decisions and poor quality parts suppliers.
    That why ford vehicles especially sedan and hatchback version are not selling well.

    Ford sell their vehicles high price with poor quality parts and cheap materials used to maximise profit. That why ford is going to be DOOM unless the inept top management and accountants can change their strategy now to combat why the declining sales worldwide.

    Like or Dislike: Thumb up 1 Thumb down 0
 

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