FordTurnaround


Ford to cut cost of salaried workers 15% by Aug. 1

The auto industry's putrid performance in May was an eye opener, and companies like Ford now have to readjust the adjustments they just made to their turnaround plans. Ford VP Jim Farley already braced his white-collar work force for a possible 12% reduction in their ranks, but a memo emailed today by Mark Fields, Ford's President of the Americas, reveals that the number of white-collar workers "reduced" will actually be 15%. Fields says in his memo (full transcript posted after the jump) that the company will "reduce salaried-related costs in ... Read more →

Ford to shed another 9,000 plant jobs Jonathon Ramsey

Over 2006 and 2007, Ford lost $15.3 billion. Over that same time and in light of those losses, the company also shed 33,600 union workers through buyouts and early retirement. Still working through ...

Ford's UAW deal nets $2 billion savings Jonathon Ramsey

Ford is arguably the domestic maker in the most trouble, and it appears the UAW has allowed more concessions for Ford than for either of the other two domestic car car makers in its contract ...

Business Week grades Mulally's first year Chris Tutor

Alan Mulally took over as Ford's CEO one year ago this month, and some of you may be wondering how he's doing. Business Week magazine says he's doing pretty good, actually, despite a 16% decline in ...

Ford to cut cost of salaried workers 15% by Aug. 1 1 year ago on Autoblog

The auto industry's putrid performance in May was an eye opener, and companies like Ford now have to readjust the adjustments they just made to their turnaround plans. Ford VP Jim Farley already braced his white-collar work force for a possible 12% reduction in their ranks, but a memo emailed today ...

Ford to shed another 9,000 plant jobs 1 year ago on Autoblog

Over 2006 and 2007, Ford lost $15.3 billion. Over that same time and in light of those losses, the company also shed 33,600 union workers through buyouts and early retirement. Still working through the uphill part of the turnaround, Ford has announced it wants to eliminate another 8,000 to 9,000 ...

Ford's UAW deal nets $2 billion savings 2 years ago on Autoblog

Ford is arguably the domestic maker in the most trouble, and it appears the UAW has allowed more concessions for Ford than for either of the other two domestic car car makers in its contract negotiations. With combined savings from the end of health care obligations, revised rules on hiring, ...

Business Week grades Mulally's first year 2 years ago on Autoblog

Alan Mulally took over as Ford's CEO one year ago this month, and some of you may be wondering how he's doing. Business Week magazine says he's doing pretty good, actually, despite a 16% decline in sales last month, a stock price less than the cost of a used CD and the piecemeal selloff of PAG. BW ...






Autoblog Podcast #156: Paukert comes back for more! 

Chris, Dan, and Editor Paukert chat and give each other grief. Merriment ensues.

 
 

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