Ford to lay off 24,000. Temporary stop of production at Claycomo, MO plant near KC

[Chief Roundup]

Ford is having a bad year in 2018. Its stock is down 29%, and the tariffs imposed by President Trump have reportedly cost the company $1 billion, as the company is in the midst of a reorganization. Now, the company is announcing layoffs.

Jim Hackett, Ford’s CEO, is working to engineer a $25.5 billion restructuring of the automaker, hoping to cut costs and remain competitive, the Wall Street Journal reports. But auto sales are down, and one reason is the trade tariffs that Trump has imposed on metals and other goods. According to Bloomberg, Hackett has said they have already cost the company $1 billion in profit and could do “more damage” if the disputes aren’t resolved quickly.

Ford, the No. 2 U.S. automaker by sales, is making aggressive job cuts as part of that reorganization, NBC News reported. While the company hasn’t said how many jobs will be lost, a report from Morgan Stanley estimates “a global headcount reduction of approximately 12 percent,” or 24,000 of Ford’s 202,000 workers worldwide.”

While reports have indicated that the job cuts are likely to come early next year, The Kansas City Star reported Tuesday that Ford has temporarily halted production of transit vans in Claycomo, Mo. The move is intended to prevent a build-up in Ford’s inventories of the vans, but it will leave 2,000 workers idle between Oct. 22 and Nov. 4.

Despite news of the layoffs, Ford’s stock closed down 3.4% Tuesday.

At a time when automakers are scrambling to prepare for self-driving cars, Ford is also struggling to keep pace with the rest of the industry. September was a bad month for U.S. auto sales—with aggregate sales down 7%—but Ford’s drop off was even more severe. Ford said its sales of its vehicles declined 11.2% last month, with sales of its best-selling F-Series pickup trucks down 9%.

[Sassy Squatch]

Give you an idea of how bloated management is.

Line Foreman->Assistant General Foreman->General Foreman->Assistant Truck Chassis Manager->Truck Chassis Manager->Assistant Plant Manager->Plant Manager


We aren't even in the offices yet.

[Dayze]

Originally Posted by Superturtle

Give you an idea of how bloated management is.

Line Foreman->Assistant General Foreman->General Foreman->Assistant Truck Chassis Manager->Truck Chassis Manager->Assistant Plant Manager->Plant Manager


We aren't even in the offices yet.

that must explain the reason trucks cost nearly $50k or more.

[Baby Lee]

Originally Posted by Detoxing

That's a YOU problem. Their marketing is fine. The cars are as good as they've ever been.

Isn't Ford on schedule to phase out all passenger vehicles in American markets?

I think the Mustang is the lone exception at present.

Just trucks, vans, SUVs and commercial vehicles from here on out.

[ptlyon]

Originally Posted by Baby Lee

Isn't Ford on schedule to phase out all passenger vehicles in American markets?

I think the Mustang is the lone exception at present.

Just trucks, vans, SUVs and commercial vehicles from here on out.

That is what I heard, which shocked me.

This was inevitable if it were true.

[Sassy Squatch]

Originally Posted by Baby Lee

Isn't Ford on schedule to phase out all passenger vehicles in American markets?

I think the Mustang is the lone exception at present.

Just trucks, vans, SUVs and commercial vehicles from here on out.

Some version of the Focus was going to stick around as well.

[mikeyis4dcats.]

Originally Posted by Baby Lee

Isn't Ford on schedule to phase out all passenger vehicles in American markets?

I think the Mustang is the lone exception at present.

Just trucks, vans, SUVs and commercial vehicles from here on out.

Mustang and Focus Active, though the latter was supposed to import from China, and may have been cancelled (thanks Donald)

[htismaqe]

Originally Posted by ptlyon

That is what I heard, which shocked me.

This was inevitable if it were true.

All of the US automakers are struggling with it.

Asian sedans rule their segment. For the US makers, people want SUV's.

[Chief Roundup]

Originally Posted by Dayze

that must explain the reason trucks cost nearly $50k or more.

Crew cab 4x4 are 70k

Sent from my SM-S906L using Tapatalk

[Chief Roundup]

Originally Posted by Baby Lee

Isn't Ford on schedule to phase out all passenger vehicles in American markets?

I think the Mustang is the lone exception at present.

Just trucks, vans, SUVs and commercial vehicles from here on out.

Yes

Sent from my SM-S906L using Tapatalk

[rabblerouser]

Wow...terrible news.

[srvy]

Originally Posted by oldman

I drove by the old Woodlands last week and I thought I saw a bunch of those Transit vans parked there. Does anyone know if that's the case?

Wouldnt surprise me the old Metro North Mall parking lot is full of them.

[wazu]

Oh shit.

[rabblerouser]

Originally Posted by R Clark

Damn best seller is the f series truck they be screwed , as that's the biggest pile shit truck going. I'd drive a dodge before a ford

AMEN.

Originally Posted by carcosa

thank u daddy turmp

I'd say that logic dicates the real culprit would be the Ford company, who steadfastly and constantly manufactured overpriced, yet inferior automobiles...

[Flying High D]

In ‘05 F250 Diesel crewcab cost $40,000 the equivalent to that truck today is $93,000. ‘05 has 300k on it. Daily driven and hauls a 35’ 5th wheeler all over America.

[htismaqe]

Originally Posted by rabblerouser

I'd say that logic dicates the real culprit would be the Ford company, who steadfastly and constantly manufactured overpriced, yet inferior automobiles...

I don't think I'd go that far.

I went from a Saturn Outlook to a GMC Acadia (basically the same SUV with a different logo) and then to a Toyota Highlander before finally buying a Ford Explorer.

The Explorer is by far the nicest of the 4 and it was also the lowest in price. The Toyota was actually the most expensive and had so many defects and warranty issues that we ended up dumping it after 14 months.