Due to lower profits and falling share price, shareholders are mounting pressure requesting for cost cut.. as usual, the staff are the first to be affected.

As announced by Wall Street Journal on Monday, Ford is now making plans to reduce its worldwide workforce by 10%.. which means about 20,000 job cut. According to Reuters, most of those to be affected are salary earners who do not have union protection as against the hourly staff who work at the assembly plant.

Recently, the Ford mentioned that they intend to reduce costs by $3billion in order to invest in new opportunities like electric and self-driving cars. They definitely have to stay competitive as Tesla is giving them a run for their money.

https://autojosh.com/ford-is-preparing-to-sack/


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StephDamielola:

Sho funny ni?

yomi007k:


Sho funny ni?

Yes now, At least its not in Nigeria alone that we hear retrenchment

StephDamielola:


Yes now, At least its not in Nigeria alone that we hear retrenchment

Its all over but ds ppl hv plan B, C, Dtho.


In 9ja, no back up plan.

yomi007k:


Its all over but ds ppl hv plan B, C, Dtho.


In 9ja, no back up plan.

You are so right... They fall back to affordable healthcare and basic necessities but here, we fall back to SQUARE ONE

StephDamielola:


You are so right... They fall back to affordable healthcare and basic necessities but here, we fall back to SQUARE ONE

So as u dey soft like ds, u sef dey complain....



Hmmmm....na wa o

yomi007k:



So as u dey soft like ds, u sef dey complain....



Hmmmm....na wa o

Why not

Nigeria is in a recession and it is evident... Things are hard and Its Hypocritical to think or say the opposite

Oya Kentucky on ma mind, 20,000 jobs loss = 20,000 job gain. Good bye fellow Nigerians make una call me when you reach obodo oyinbo

StephDamielola:


Why not

Nigeria is in a recession and it is evident... Things are hard and Its Hypocritical to think or say the opposite

Correct babe!

"... Recently, the Ford mentioned that they intend to reduce costs by $3billion in order to invest in new opportunities like electric and self-driving cars. They definitely have to stay competitive as Tesla is giving them a run for their money."

... I guess Ford is reducing its worldwide workforce by 10%... In order to keep up with the ragingBull sponsored race competition with Tesla!

... Competition breeds quality ... Ford is exfoliating quantities n going for qualities in order to beat Tesla in the car/mobile industry ... Might seem cruel laying off workers but it is for our greater good!