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More incompetence at Ford...

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kcass1954 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-03-06 10:43 AM
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More incompetence at Ford...

NEW YORK (AP) - Ford Motor Co.'s second-quarter loss more than doubled from what the No. 2 U.S. car maker previously reported because of higher-than-expected pension costs. <snip>


http://news.moneycentral.msn.com/provider/providerarticle.asp?Feed=AP&Date=20060803&ID=5887049


Does Ford not know how many retirees are collecting pensions? Do they not know what the monthly expense is for pensions? Do they not have a clue as to how many current employees are eligible to retire?
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Gidney N Cloyd Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-03-06 11:19 AM
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1. Following the government's lead
"No one could have predicted that pensions would be used to support the needs or retirees."
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