After laying off 7,000 workers, what’s next for Ford?

“We still have a lot of work to do in the coming months," Ford Chief Executive Officer Jim Hackett said in a Sunday night e-mail to employees that revealed the planned cutbacks.

Ford’s announcement is part of the “Smart Redesign” plan Hackett initiated after being named CEO in a management shake-up two years ago. It’s expected to generate $11.5 billion in total savings, with the reduction in force alone worth about $600 million annually. Ford clearly needs to move faster as it shifts its fundamental business strategy. Last year, the automaker announced it would drop virtually all of its sedans, coupes and hatchbacks, with the still-popular Mustang the key exception. It has also increased to $11 billion the money it plans to invest in its electrification program, with its first long-range battery-electric vehicle, a high-performance crossover, set to debut this year.

Here there be black swans. Reducing levels of management in large old companies is trending and will pick up over the near future. This consolidation of control in the ranks will put millions of middle managers out of work. This is going to hurt.

1-2) Not only did Ford & GM receive a bailout under the Honorable POTUS Obama they began thriving with investments in fuel efficiency & battety tech which the oil-heads wasted NO TIME in reversing the nanosecond election returns came in early December 2016. My jaw dropped as...

MAGA

I thought we were winning

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