Ford

[Good Times Good Times]

Ford today announced "massive layoffs" due to over 1 billion in losses because of tariffs.

"The impact of these tariffs on the U.S. auto industry and inconsistencies in the process are too glaring to ignore. "The metals tariffs took about $1 billion in profit from us—and the irony is we source most of that in the U.S. today anyways," Hackett explained."

http://www.thedrive.com/news/24176/ford-loses-1b-to-trump-tariffs-announces-massive-layoffs

Throw it in the spin machine boys....

 

[Greg T.]

Knee jerk reaction. They have to let it settle in. China is going to give in.

 

[REVerse °]

"A Morgan Stanley report estimates “a global headcount reduction of approximately 12 percent,” which would equate to 24,000 of Ford’s 202,000 workers across the world. The aggressive job cuts are expected to arrive in early 2019."

That's a total of Ford's workforce across the entire planet. How many Americans are laid off?

 

[AlwaysWrite]

That's a total of Ford's workforce across the entire planet. How many Americans are laid off?

… and "expected" layoffs don't necessarily guarantee definite layoffs.

 

[WAMO]

SO I GUESS THE TARIFFS WERE TO BLAME IN 2008 WHEN ALL CAR MAKERS WERE LOSING MONEY HAND OVER FIST.

 

[REVerse °]

SO I GUESS THE TARIFFS WERE TO BLAME IN 2008 WHEN ALL CAR MAKERS WERE LOSING MONEY HAND OVER FIST.

2008 was the beginning of "The Crisis" era. A crisis for every dang thing. Crisis, crisis, crisis.

 

[WAMO]

EGGZACLY REV.

 

[Greg T.]

http://fbnewscycle.com/av/

 

[WAMO]

THAT CAME OUT OF THE SPIN MACHINE PRETTY CLEAN G.

 

[Greg T.]

THAT CAME OUT OF THE SPIN MACHINE PRETTY CLEAN G.

As did the O.P. Once again, terrible news reporting.

 

[REVerse °]

As did the O.P. Once again, terrible news reporting.