Ford announces plans to slash 7,000 jobs by August

[Yo_Mama_Been_Loggin]

Ford is cutting about 7,000 white-collar jobs, which would make up 10% of its global workforce.

The company has said it is undertaking a major restructuring and on Monday that it will have trimmed thousands of jobs by August.

The company said that the plan will save about $600 million per year by eliminating bureaucracy and increasing the number of workers reporting to each manager.

In the U.S. about 2,300 jobs will be cut through buyouts and layoffs. About 1,500 already have happened. About 500 workers will be let go this week.

https://www.msn.com/en-us/money/companies/ford-is-cutting-7000-white-collar-jobs/ar-AABD3G3

MAGA!!!!!!

[gldstwmn]

1. Automation?

Robots don't need to report to a manager.

[safeinOhio]

2. Not hourly union jobs.

However, those that rose from an hourly job to a management job get to return to their union job.

[Achilleaze]

3. Winning (R)

republicans are pissing all over America and America's economy.

Disgusting.

[Buckeyeblue]

4. Numbers don't add up

The savings turns out to be about $85K per worker. I would guess that Ford managers make more than that, and a lot more than that if you figure the costs of benefits.

[napi21]

5. On our news they said that most of the layoffs were in Europe. n/s