Why does Ford management want to fire 25,000 workers?

Why does Ford management want to fire 25,000 workers?

December 4, 2018 0 By autotimesnews

For the automakers come the “dark times” – it is with such headlines that foreign news publications release their notes. What is the matter?

We have heard more than once about the troubles and failures of the American brand Ford, as a result of which many people were fired.

But apparently this is not the limit. According to the most up-to-date information, at the moment, Ford is far from the best off; it is reported that those who work in Ford offices outside the USA will have the hardest time.

It turns out that the problem of the American automaker is so large that its leadership is already considering the possibility of dismissing quite a few 25,000 jobs. According to the forecasts of the well-known analyst Adam Jonas, a significant part of the reductions in Ford enterprises is expected precisely in Europe, and workers in the United States will also get it.

It turns out that the hired staff of the American brand was informed about the financial losses of Ford and the termination of contracts with them by mid-2019. Ford currently employs about 70,000 people on salary. In its latest sales report, it was stated that Ford’s sales in November were down 6.9% over the same period last year. Ford’s total sales for the full year were down 2.9%.