Ford To Cut 3,000 Jobs Amid Restructuring

Ford Motor plans to cut about 3,000 jobs, a move that will affect salaried and contract workers, according to an internal email sent to employees. From a report: Automotive News was the first to report the news after reviewing the email. TechCrunch, which has confirmed the layoffs, will update the story as more information becomes available. The job cuts, which many have anticipated since Ford launched its restructuring efforts, will affect employees throughout its global operations. However, most of the cuts will be in the U.S., Canada and India. CEO Jim Farley has spoken publicly about the potential for job cuts in recent months. During the company's second-quarter earnings call, Farley foreshadowed coming layoffs.

Supply chain disruptions

[sinij]

We are only starting to see the effects of shutting everything down over COVID. There is a shortage of new cars due to severe supply chain disruptions. This in turn means that auto manufacturers don't get to meet demand. This in turn means that existing restricted supply get huge markups. Consequently you have inflation, layoff, shortages, and recession.

What, you thought you could just shut everything down and it would simply pick up where you left it when you need it again?

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[muh_freeze_peach]

i see you have tried changing your routine up a bit, but it still has a net-zero effect on anything at all.

Re:Supply chain disruptions

[DesScorp]

What, you thought you could just shut everything down and it would simply pick up where you left it when you need it again?

While I'm sure lingering supply chain issues are part of the problem, Ford has also stated that their production methods currently aren't cost competitive. Now that they've split into EV and ICE divisions, it'll be interesting to see where the job cuts come from (article states that cuts could eventually reach up to 8K). Some of this sounds like longstanding beefs with the UAW over labor costs.

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[rudy_wayne]

Some of this sounds like longstanding beefs with the UAW over labor costs.

The job cuts are "salaried and contract workers". Office Drones, not the people who do the actual work of building cars.

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[sinij]

Hopefully at least some of these people were responsible for the insanity of Just-in-Time Shipping. I think losses they experienced in the past year would have paid for decades of extra cost of warehousing parts. Especially if you consider that year worth of chips would not fill a single warehouse.

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[sinij]

I don't think it matters your environmental views are, if you can't produce both EV or ICE cars due to parts shortages it is clearly all-encompassing fuck-up. I know Ford Lightning (electric F-150) has a wait list and crazy markups. If anything, in a worst case scenario (e.g., Taiwan invasion) it still possible to produce ICE cars, as you can simplify design to mechanical vacuum-controlled system (e.g., carburetor).

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[stabiesoft]

Did you ever own a carb car? No we are not going back to them.

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[speedlaw]

Hey, points are mechanical, so they are next. Back, back to the future, marty. Time to find that old dwell meter.

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[stabiesoft]

Who doesn't remember changing points. Plugs either were not as good as today's or the coil/distributor/points destroyed plugs faster than the new ECM controlled spark.

Re: Supply chain disruptions

[guruevi]

A carburetor is just an analog computer, if chips arenâ(TM)t being produced, most people still have to get from a to b

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[stabiesoft]

Barely, temp was the only input besides throttle.

Sounds like?

[Petersko]

"Some of this sounds like longstanding beefs with the UAW over labor costs."

Sounds like, how? Or does this sound like, "there are longstanding beefs", "there are layoffs", and therefore the relationship is causal?

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[timeOday]

We are only starting to see the effects of shutting everything down over COVID.

And the alternative, in your mind, was what exactly?

Re: Supply chain disruptions

[timeOday]

No, the question is worthy of an answer. I and my family and millions of others never did get it until after the vaccine became developed, so even if I get it now it would be much less serious. You cannot in good faith complain about the costs without also acknowledging the benefits.

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[rschmitz2010]

Let's pick a low vaccine country, Ethiopia. - Ethiopia population 115 Million - 23% population has received covid shot - 7500 dead from covid - %0.00006521739 of population dead from covid So lets see if we can get that terribly high death rate lower. :(

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[sinij]

We are only starting to see the effects of shutting everything down over COVID.

And the alternative, in your mind, was what exactly?

To perform proper risk analysis and act accordingly?

Let me spell it out for you. We knew early 2020 demographic risk profiles of COVID. Knowing that, reasonable decision was to isolate at risk-populations and prevent high-spread events. Shutting everything down for nearly 2 years was a massive overkill.

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[timeOday]

Shutting everything down for nearly 2 years was a massive overkill.

What nation are you referring to?

Re: Supply chain disruptions

[samwichse]

The nation of make believe

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[sinij]

Such explanation doesn't pass the basic logic check. Failing to manufacture cars and trucks costs these companies revenues and profits that are nowhere near being offset potential price increases they could achieve. More so, with the dealership model, it isn't Ford Motor Company that benefits from markups - they are still delivering cars to dealerships at invoice prices.

While some price gouging, like in a processes food sector, undeniably happening. This is not the case in durable goods manufacturing.

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[bws111]

My parents live near the Mack Truck factory. It seems that every parking lot for miles around has partially built trucks that are waiting for parts. I am sure Mack just LOVES sitting on all that unsellable inventory. According to your brilliant logic, they should be making an absolute fortune not selling anything!

The company I work for also has supply chain problems. They are becoming rich (according to you) by adding new capacity (which so far we can't use) so when we finally get parts we can still me

Re: Supply chain disruptions

[samwichse]

Major Major's father was a sober God-fearing man whose idea of a good joke was to lie about his age. He was a long-limbed farmer, a God-fearing, freedom-loving, law-abiding rugged individualist who held that federal aid to anyone but farmers was creeping socialism. He advocated thrift and hard work and disapproved of loose women who turned him down. His specialty was alfalfa, and he made a good thing out of not growing any. The government paid him well for every bushel of alfalfa he did not grow. The more a

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[King_TJ]

I completely agree. But in Ford's case, I think there's more involved. They're making the decision to pretty much go "all in" on EVs and Hybrid electric vehicles -- and not with some slow plan to phase them in over the next decade. They're trying to shove several popular models out the door ASAP.

The problem there is, they simply can't obtain enough batteries to produce the numbers required. Their only saving grace right now is probably the fact that the new Bronco and Bronco Sport are extremely popular as m

So the fact that it's not 30,000

[rsilvergun]

Is the effect of shutting everything down during covid. If we had let 'er rip the way certain right-wing politicians were suggesting then it's true we probably could have kept the economy going in the short term and maybe even gotten Donald Trump re-elected but when the blow back from our hospital system collapsing hit we have seen tens of millions of death.

Everyone wants to focus on the death rate of covid but we all kind of ignore the extremely high hospitalization rate. Especially before the vaccines

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[sinij]

If we had let 'er rip ... but when the blow back from our hospital system collapsing hit we have seen tens of millions of death.

Citation required. More so, how do you explain that 'millions of death" did not happen in a few places, like Sweden, that did not lock down?

Sweden did lock down

[rsilvergun]

their citizens are just responsible enough that they didn't have to be ordered to (and they didn't have a major political party telling them to go out and get everybody sick for "herd immunity").

As for citation, Here's an MIT paper/article [mit.edu]

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[Targon]

No, the big problem is that the Ford CEO doesn't understand the auto industry, and doesn't have a clue about how sales and marketing works. For every vehicle on the road, that's an advertisement for that brand. Drop normal passenger cars, and those who don't feel a need for trucks or SUVs will go to other companies. This in turn results in fewer Ford vehicles on the road, so less of that "advertisement" around. The long-term result is that Ford will fade due to idiot CEOs. When gas prices go up the

Progress!

[timeOday]

When they ran this story a month ago they said 8,000

https://carbuzz.com/news/ford-... [carbuzz.com]

Want to help stop this?

[TigerPlish]

Want to help stop the shredding of our industry by outside forces?

Find out who you voted for UN Agenda 2030, and fire them.

Elect people who vehemently oppose 2030.

Apparently Europe didn't get the memos we wrote in 1776, 1812, 1918 and 1945.

Probably will not happen again...

[SuperKendall]

Good news people still at Ford, no layoffs in the future.

How do I know? Simple, Lightning [247wallst.com] never strikes twice!