Ford’s New CEO Hints at Ambitious Plans - Page 56 - Ford Inside News Community
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post #551 of 555 (permalink) Old 10-11-2018, 06:21 PM Thread Starter
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Re: Ford’s New CEO Hints at Ambitious Plans

Quote:
Originally Posted by Bloggin View Post
"Ford's reorganization could include upwards of 24,000 job cuts, NBC News reported Monday (Oct 8). The automaker has not provided hard figures on the number of employees it will let go, but its leaders have said President Donald Trump's tariff war with China could impact the company's overhaul.

The NBC report cited a Morgan Stanley analysis that estimates a 12 percent reduction in Ford's global workforce, resulting in the loss of roughly 24,000 workers. Bob Shanks, Ford's chief financial officer, described the cutbacks as a "redesign" that would include its 70,000 white-collar employees."

https://www.nola.com/business/index....p_tariffs.html

From what I understand it is the steel costs that make up the $1Billion in losses for Ford as it relates to the TAX the US is charging Ford on steel from China. The rest of the losses has to do with Ford's plan itself by canceling over a third of it's product lineup and depending too heavily on China to support sales, and constricting market share globally. With NOTHING planed for at least 24 months.

When thinking of Ford today, it's hard to see the future in what they are planning, only a refreshed version of the past. But there are consumers who want things to stay the same.....and Ford will be there for them. Just not the younger, new generation of consumer.
The Billion lost due to very much needed tariffs gets a lot of attention I see, while conveniently ignoring the multi billions saved due to reduced taxes and de-regulation, that will continue for many years to come. How obvious can the media be.

Meanwhile, I was right all along about that liberal Hackett, who now throws out disclaimers for his pathetic leadership. And many of you are believing it. Pathetic.
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post #552 of 555 (permalink) Old 10-11-2018, 10:01 PM
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Re: Ford’s New CEO Hints at Ambitious Plans

^....the Billion Ford lost is due to TAX to the US government called a 'tarrif', Call it a tarrif, or a fee paid to the government....it's still at TAX.

SO it looks like Ford will be 'saving' billions by laying off thousands of people, but sure Ford had that planned all along, with discontinuing so many models on a global scale. But can't just blame Hackett for what Ford does, cause nothing gets approved without the board. The board put him in there, approved his plans, owns the outcome. Hackett is just who they get to blame.
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post #553 of 555 (permalink) Old 10-11-2018, 11:10 PM Thread Starter
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Re: Ford’s New CEO Hints at Ambitious Plans

Quote:
Originally Posted by Bloggin View Post
^....the Billion Ford lost is due to TAX to the US government called a 'tarrif', Call it a tarrif, or a fee paid to the government....it's still at TAX.

SO it looks like Ford will be 'saving' billions by laying off thousands of people, but sure Ford had that planned all along, with discontinuing so many models on a global scale. But can't just blame Hackett for what Ford does, cause nothing gets approved without the board. The board put him in there, approved his plans, owns the outcome. Hackett is just who they get to blame.
Don't care what you want to call it, but fair trade is the purpose for it. Point again, is that throwing disclaimers about tariffs while ignoring the many benefits from reduced taxes and de-regulation, is called fake news and biased reporting.


And Ford has a lot of cutting and growing to do. Cuts will come from elimination of products, and growth will come from all new product and ventures. But Hackett is costing us money today, by not knowing how to run the ship.
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Last edited by wingsnut; 10-11-2018 at 11:12 PM.
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post #554 of 555 (permalink) Old 10-15-2018, 10:46 AM
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Re: Ford’s New CEO Hints at Ambitious Plans

From Jalopnik,

1st Gear: Ford In Trouble

Layoffs suck, obviously, but there’s usually a standard methodology to it. The basic playbook, especially for non-unionized workers, is:

Say Nothing
Announce it all in one go
Rip the band-aid off
There’s a whole slew of reasons for both for and against that operating procedure, but a lot of it boils down to preserving morale. Nobody gets spooked, everyone gets to go about their day-to-day lives without it affecting too much, and if you’re not getting laid off it lets you not worry about it until after the fact.

(The counterargument is that you should tell everyone as much specifics as you can as soon as you have an idea of what the strategy is. A lot of that is about basic transparency, but there’s also a decency thing here as it lets people know who’s safe and who’s not, and allows those about to get laid off the barest modicum of planning ability.)

And then there’s the methodology Ford CEO Jim Hackett appears to be using, which is reportedly freaking everybody the **** out as Ford’s share price drops below $9, which is right where it was in late 2009 during the throes of the last recession. From Automotive News:

“There’s been a lot less exposure to senior management,” said Jack Madden, owner of Jack Madden Ford in Norwood, Mass. “There’s just not enough information flowing down to dealers about where the company’s headed.”

Meanwhile, more turmoil is creeping into the company’s ranks after Hackett told Ford’s 70,000 salaried workers around the world that the $11 billion restructuring will include job cuts, while giving no specifics on numbers and only a vague idea of how or when. Ford is calling changes to its employment structure an “organizational redesign” and says it could take months to complete.

So instead of saying nothing, or telling some people they are safe and others to start job hunting, Hackett is going for the queasy middle route of being vague about layoffs and generally telling everyone not to worry about it unless they really have to worry about it but he won’t tell those people who they are until it’s too late.

You can imagine the sales of Tums are spiking in Dearborn right now.

But fear (?) not (????) Ford employees, as AN reports that when layoffs eventually do come, Hackett will be brutal and merciless (emphasis mine):

Hackett is no stranger to layoffs — he axed thousands of employees at his former company, Steelcase, including the best man from his wedding — but stretching out the process, instead of announcing the cuts all at once, threatens to sink morale and create an uneasy, disillusioned work force, experts say.

A little over a month ago we said that Ford is blowing it. We desperately want to be proven wrong, but we’re still waiting.
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post #555 of 555 (permalink) Old 10-15-2018, 11:34 AM Thread Starter
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Re: Ford’s New CEO Hints at Ambitious Plans

Yup,

https://www.westernjournal.com/ford-...ent=2018-10-13
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