BULLETIN>> FORD TO CUT AS MANY AS 30,000 JOBS: REPORT

[UpInArms]

http://www.marketwatch.com/news/newsfinder/pulseone.asp?dateid=38693.3757549306-853576038&siteID=mktw&scid=0&doctype=806&

NEW YORK (MarketWatch) -- Ford Motor Co. (F) will unveil a restructuring plan later Wednesday that calls for the elimination of up to 30,000 jobs within five years, according to the Detroit News. The paper said Ford's board plans to announce the closing of at least 10 assembly and component plants as part of the restructuring. The stock closed Tuesday at $8.11, up a nickel.

...short blurb...

[Thtwudbeme]

1. I am beginning to wish some of these companies would just

declare bankruptcy and go away.

I feel so horrible for the employees; I don't give a flying rat's ass about upper management, or the corporations themselves.

[Media_Lies_Daily]

2. If GM or Ford "just go away", there will be thousands of smaller....

...companies that will ALSO "go away" because they depend on the big auto corporations for their livelihood.

Is that what you want?

[acmejack]

4. We have built our economy on the automobile.

Obviously unsustainable, given what we now know. The longer we wait, the more difficult it will be to handle. Cars will soon be out of reach for the working class anyway. The average family spends a substantial portion of their income on the auto, insurance, fuel, maintenance, etc. It will be the first thing people lose as times get harder, as they soon will.

[sybylla]

6. Agreed. The cost of new cars has far outstripped increases in income

It truly won't be long, if we're not there already, before the average American won't be able to afford a new car.

[Thtwudbeme]

7. Yes, I know that

believe me, I understand the repercussions well.

No, I feel sorry for the workers. As far as the companies themselves...that goddamned corporate personhood...they can go to hell as far as I am concerned.

But, yes...that's why I am so torn on this issue...the damage caused to the working class is going to be astronomical.

We are headed for a depression, and I am scared of it.

[The Witch]

3. Hm, maybe they should consider not alienating half their buyers

by pandering to RW hate groups.

Bahstahds.

[TlalocW]

11. Oh, now now...

I'm sure now that Ford is no longer advertising in gay/lesbian magazines that the right wing religious wackos will put their money where their mouth is, start buying Fords and bring them as well as the entire US auto industry back from the brink, ushering in a new era of prosperity for all. After all, it's God's will, and He'll reward us.

TlalocW

[The Witch]

12. :pfffft:

:spray: :spray: :spray:

No, it's a faith-based economy. They just have to believe in Ford (and maybe clap their hands a few times).

[leveymg]

5. Read this w/post above re: Microsoft's $1.7B invest in India

Multinational companies like FoMoCo aren't going away, it's the jobs that are being offshored. There is nothing to stop this until the Democrats get back into power and impose Fair Trade requirements. I'm afraid by then, we'll all be out of work, the Dollar will be worthless, and the only Americans who will be able to buy anything will be investors.

[acmejack]

10. Many of us are out of work

Already, with our worthless degrees, but I guess I can't complain, I have paid off the loans. But it pisses me off that I can't even find anything that pays $10.00 an hour.

The Dell model showed them all how to screw their US workers.

[MrPrax]

15. Right Said...

Nice to see someone from my generation tone in...hard to feel sorry for an Industry that blithely ignored the writing on the wall for decades.

Presumeably if the car industry was all that important, smarter heads would have intervened and demanded a little more influence the last two times the automakers wanted something from the public in exchanged for little more than vague notions of a 'bright shiny future'.

But then again, you sound like a guy (sinfully over qualified) getting chump change, while some former salesman (now IT Manager), is asking YOU "what is an IP address again?" (true story!!!)

Burn Baby Burn

[zbdent]

8. Wasn't that announced well before the Religious Reich

made sure Ford tried to cut its advertising in some magazines?

[Fridays Child]

9. Hey, George, how's that economy doin'?

Team America just ain't moving the ball downfield like you said, George.

[msongs]

13. its part of the new "family values" (wink wink) strategy by Ford

quit ads to glbts, get rid of those pesky people who make the cars and the profits for the obscene paychecks for corporate management.

Msongs
www.msongs.com/political-shirts.htm

[Ilsa]

14. How many of those jobs are really going to India? eom

[Thom Little]

16. Ford's fix-it plan (Up to 30,000 layoffs; at least 10 plants to close)

Ford Motor Co. executives will present a restructuring plan to the company's board of directors today that calls for closing at least 10 assembly and component plants and eliminating 25,000 to 30,000 hourly jobs in North America within five years, according to people familiar with the plan.

The cuts would be deeper than many had expected, signaling the urgency of Chairman and CEO Bill Ford Jr.'s push to restore the automaker's ailing North American operations.

Bill Ford has promised the impending moves, expected to be announced Jan. 23, will affect all levels of the company. As such, the automaker will announce the departure of as many as seven top executives in the coming weeks, according to the people familiar with the plan.

The broad outlines of Ford's plan -- dubbed the "way forward" -- were approved by directors at an off-site meeting in October with top executives in South Carolina.



http://www.detnews.com/apps/pbcs.dll/article?AID=/20051207/AUTO01/512070322

[cboy4]

17. Boycott the gays! The restructuring plan is so simple!!

Oh, and not only refuse to advertise toward gay people --- expand the money-losing strategy to include African Americas, Hispanics, atheists, democrats, etc., etc......

But, fuck, I realize they don't need my advice on how to drive the company and its embarrassing $8 stock into the ground. Executives are doing a fine, fine job on their own. Keep up the good work boys and girls!

BWAHAHAHAHA!!! :sarcasm: :puke:



DETROIT, Dec. 5 - After a threatened boycott from a conservative religious organization, the Ford Motor Company has said it will cut back on advertising in gay-oriented publications.

The group, the American Family Association, called for the boycott in May because of what it said was the company's "track record for supporting the homosexual agenda."

[Trillo]

18. Really? I guess governmets will have to PAY FOMCO

more CORPORATE WELFARE to keep all those fine jobs.

Corporatist lobbyists likely said to Ford, "Hate the gays and stop advertising in thier publications, and we'll talk about all those 'incentives'."

[KoKo]

19. Over five years.....doesn't this sound like a threat to the Unions to give

up salary, pension and health care benefits? Sort of a threat? Every time I see these announcement by major companies of "Plans to cut in three years or plan to cut in five years...I keep thinking...why so far out unless it's a threat. Work cheap or we lay you off...you've been warned so start negotiating... :shrug:

[JCMach1]

20. Chinese cars are coming and coming on fast

One of the companies just openend a showroom here in Dubai. The quality (for now) is about where Hyundai was about 10yrs ago. The price, of course, is cheaper than anything on the market.