Hoo Boy 🤦 Ford cutting 8,000 salaried jobs

[hybridy]

Not to pile on considering the mortgage business, but…

https://www.freep.com/story/money/cars/ford/2022/07/20/ford-layoff-8000-ev-transition/10112304002/?gnt-cfr=1

https://www.reuters.com/business/autos-transportation/ford-cut-8000-jobs-bloomberg-news-2022-07-20/

https://www.bloomberg.com/news/video...s-in-evs-video

[Danny]

Oh well, welcome to the motor city.

[Richard]

1970s

Hungry ? Eat your rice burner

2022

Hungry ? Eat your EV.

No big deal though,boss man said they could go get jobs making solar panels,thanks for your vote,we take care of our own.

At this rate there are going to be 267,236 laid off workers across the country competing for the 6 solar panel manufacturing job openings.

[Honky Tonk]

And so the divide between the haves and have nots keeps growing.


https://www.google.com/url?sa=t&sour...0yQpQ8ojYCeVHl

[Cincinnati_Kid]

Richard, Huh?....

[Richard]

Richard, Huh?....

You must be young?

1970s tariffs were lowered on the import of Japanese cars which caused a lot of layoffs in the domestic automobile market as they took hold.

Bumper stickers read - Hungry? Eat your rice burners. Lots of domestic auto workers were also buying imports,which put themselves out of a job.

The second part was about when the new administration came in,he made it clear that CC was on the agenda and promised to shut fracking down,which equate to thousands of job losses there.

When asked where those people were expected to find jobs,his reply was,they can go make solar panels.

The 3rd part is the unions were supposed to protect jobs,the same unions that supported the administration that is dumping those jobs,is who the union supported.


As a union why would you deliberately support a cause while knowing full well it will decimate your labor force?

Better?

[Richard]

And so the divide between the haves and have nots keeps growing.


https://www.google.com/url?sa=t&sour...0yQpQ8ojYCeVHl

The worlds largest wine cellar for the rich is in Moldova,he flys his jet there and back ……. To pick up 1 bottle of wine from storage.

His Gulfstream GIV-SP burns 447 GPH that is 8940 gallons round trip which at todays prices that would be $42,292.60,to go pick up a bottle of wine.

Granted it is probably not MD 20/20 but for us little plebs in the world that is like 95,000 trips to Walmart for a $9 bottle of wine.

[Honky Tonk]

Granted it is probably not MD 20/20...

Then why bother?

[Richard]

Then why bother?

I guess he figures those that can,can,those who cannot,cannot.

The hypocrisy of it all is just par the course with that crowd.

I wonder how many bottles of ketchup one needs to sell,just for 1 flight.

[mikeg19]

Isn't the funding of new product development funded by the OEM's profits? Always thought the formula was to reinvest those profits.

I guess in 2022, new product development is funded by cutting thousands of jobs instead. Interesting......

[Lowell]

The key phrase^ in the mad scramble to EV. How else do they go from 27K EV's in 2021 to two million in 2026? Will that actually happen?

In March, Farley boosted Ford's spending on EVs to $50 billion, up from $30 billion through 2026. He set a plan to build two million EVs a year by 2026. Last year, Ford sold 27,140 EVs.

Ford's crosstown rival, General Motors, is investing $35 billion in EV and self-driving car technology by middecade with the goal to sell one million EVs in the U.S. by that time.

Farley has said workforce reduction is a key to boosting profits, which have eroded on its Mustang Mach-E and other plug-in models because of the automaker's increased costs for commodities and warranties.

“We have too many people,” Farley said at a Wolfe Research auto conference in February. “This management team firmly believes that our ICE and BEV portfolios are under-earning.”

https://freep-mi.newsmemory.com?publ...4db6b1_1348555

[mikeg19]

So Ford gets $100M tax break to create/retain jobs in MI, decides to cut 8000 people months later. Ford has 31,000 salaried employees, so they are going to slash over 25% of their workforce?

That's not "we have too many people", that's "we have completely mismanaged our headcount & there are way too many people collecting a check and doing nothing."

Ford will boost EV spending from $30B to $50B. Slashing 8000 jobs [[lets say average salary is $80K) saves you $640M. Even if you consider all the other costs associated with those employees, it might save you a couple billion, maybe??? Pretty BIG gap to get to that $50B number when Farley states that workforce reduction will be the primary driver of cost savings.

[jcole]

I saw on the news this morning that it will be "up to" 8000 employees and they haven't decide on the mix between white and blue collar

[Gistok]

You must be young?

1970s tariffs were lowered on the import of Japanese cars which caused a lot of layoffs in the domestic automobile market as they took hold.

Bumper stickers read - Hungry? Eat your rice burners. Lots of domestic auto workers were also buying imports,which put themselves out of a job.

<SNIP unrelated things>

Better?

I don't think he's young... I was around then, as was he... and I don't recall ever seeing one of those bumper stickers? Was that maybe a Florida thingy?

Doing a Google search on "Hungry yet Eat your rice burner"... reveals no bumper sticker results...

https://www.google.com/search?q=Hung...ih=577&dpr=1.5

But if you use that quote for a Tee Shirt search, it reveals 1980s Harley Davison T-shirts.

https://www.google.com/search?q=Hung...ih=577&dpr=1.5

I don't think he's too young... the problem lies elsewhere...

[jcole]

I am not young either and never saw or heard the eat your rice burner thing either. The bumper sticker that was popular in the 70's recession was "Michigan: Last one out, turn the lights off" because so many people were picking up and moving to Texas.

I don't think he's young... I was around then, as was he... and I don't recall ever seeing one of those bumper stickers??

Doing a Google search on "Hungry yet Eat your rice burner"... reveals no bumper sticker results...

https://www.google.com/search?q=Hung...ih=577&dpr=1.5

But if you use that quote for a Tee Shirt search, it reveals 1980s Harley Davison T-shirts.

https://www.google.com/search?q=Hung...ih=577&dpr=1.5

I don't think he's too young... the problem lies elsewhere...

[Rocket]

I saw on the news this morning that it will be "up to" 8000 employees and they haven't decide on the mix between white and blue collar

Salaried designer friend of mine at Ford said last night that the company essentially split in 2. ICE and EV.

The 8,000 jobs are supposed to all come out of salaried ICE, so essentially they're firing 1/2 of their gas car staff.

[jcole]

Glad my son in law moved to GM last year

Salaried designer friend of mine at Ford said last night that the company essentially split in 2. ICE and EV.

The 8,000 jobs are supposed to all come out of salaried ICE, so essentially they're firing 1/2 of their gas car staff.

[Jimaz]

Hmm. The "Go to first new post" button doesn't seem to work on this thread.

Not that it matters. It's just odd.

Maybe it has something to do with the unconventional title. Maybe it's just me.

[Cincinnati_Kid]

I don't think he's young... I was around then, as was he... and I don't recall ever seeing one of those bumper stickers? Was that maybe a Florida thingy?

Doing a Google search on "Hungry yet Eat your rice burner"... reveals no bumper sticker results...

https://www.google.com/search?q=Hung...ih=577&dpr=1.5

But if you use that quote for a Tee Shirt search, it reveals 1980s Harley Davison T-shirts.

https://www.google.com/search?q=Hung...ih=577&dpr=1.5

I don't think he's too young... the problem lies elsewhere...

I have to agree with you Gistok, I've never seen one of those bumper stickers either, and I was born and raised here. BTW is 62 too young?

[Gistok]

BTW is 62 too young?

Naw.... although compared to the 1800s... 60s is the new 30s....

[Richard]

I don't think he's young... I was around then, as was he... and I don't recall ever seeing one of those bumper stickers? Was that maybe a Florida thingy?

Doing a Google search on "Hungry yet Eat your rice burner"... reveals no bumper sticker results...

https://www.google.com/search?q=Hung...ih=577&dpr=1.5

But if you use that quote for a Tee Shirt search, it reveals 1980s Harley Davison T-shirts.

https://www.google.com/search?q=Hung...ih=577&dpr=1.5

I don't think he's too young... the problem lies elsewhere...

You keep thinking everybody’s life should mimic yours.

I cannot say if it was a Florida thing because in the 1970s I was a teenager in Minneapolis,where my uncle was a line supervisor for Ford and he had one on his car,as did others.

Those that bought a foreign car were not even allowed to park them in the parking lot,or they would come out to slashed tires or busted glass.

It could very well have not been a thing in the Detroit region because people may have just by nature been more domestic loyal.

Of course you will not find it on Google,because these days many will find it racist,you cannot find a I love Nazis bumper sticker either and sense bumper stickers have not really been a part of the scene for at least 40 years,who really thinks about them?

There was a life before Google

It went further then with just cars because there were many in the workforce still that fought against the Japanese in WW2 and there was a lot of animosity still,and the market was beginning to be flooded with Asian products which was costing American jobs.

Datsun changed the name to Nissan because they figured Datsun was to Japanese sounding.

I have never worked on a line,so I guess they do not exist.

[Gistok]

^Not saying the bumper stickers don't exist... just I and several other Michiganian's don't remember seeing them here in Michigan. Maybe as I said they showed up elsewhere.

[Richard]

^ it could have been being Detroit was the big three and so dependent that people were not so quick to accept the foreign influx so they never gave it a second thought because of that loyalty.

Back then Minnesota had a diverse manufacturing sector that got hit hard with the massive influx of cheap foreign products.

K-Mart got hit the hardest with repercussions because they were the first ones there to carry all that cheap stuff,it was considered the dollar store of today.

It was Daytons on the high end,Hudson’s for the middle class,Sears for the lower middle class,then if you were really broke it was K-Mart.

But it was mainly targeting Japanese cars and motorcycles.

Back on target,Ford did announce during the pandemic that they were going to create 2 separate automobiles divisions and phase out the ice part.

But then they also got into the HP crate motors that have been selling out as soon as they stock them,drop in 1000 HP in a crate engine. That had to been millions in development.

It also shows they are not interested in cross job training with existing workers and that they need way less workers when it comes to EVs,which is also going to cut way down on cross border parts and less revenue for the state.

[Zacha341]

Goodness! I have a younger friend working on one of the Ford assembly lines with a family. I hope he keeps his job. I worked at FOMOCO white-collar in their marketing area part-time, many years ago.

I was in college and drove, of course, a used tiny-tot Toyota Tercel and was gently reminded by coworkers to park it far back on the lot. Nothing too harsh, but you knew. My car was never touched/ damaged.

Heard the 'rice burner' jokes too. I even slid in the purchase of a used Escort that ran great but overall I find Fords to have weak components and not durable though my Escort made it over 200K! Yet I never purchased Ford again.

We purchase used vehicles deciding to do other things than pay financing charges. That led to learning about and finding vehicles with proven ability to run long and strong. Good reviews over the years - and minimal recalls as well.

Over the years that has been Toyota and Honda. Mostly Toyota.

The 'rice burner', disloyalty to US autoworkers didn't impact me much as we purchase used. Not impacting US automakers directly. I've little confidence in what Ford will do EV-wise. They've given up on sedans and problematic units such as the Ford Focus speaks to why some are ok with that.

I saw on the news this morning that it will be "up to" 8000 employees and they haven't decide on the mix between white and blue collar

[Zacha341]

Old Scotty's on one re. Fords EV's.........

Ford's New Mavericks are Already Having Major Engine Problems [DO NOT Buy]