The Pardu

The Pardu
Watchful eyes and ears feed the brain, thus nourishing the brain cells.

Wednesday, May 17, 2017

Ford Cutting Jobs, Trump's March Brandishing Uncredible

Big announcement by Ford today. Major investment to be made in three Michigan plants. Car companies coming back to U.S. JOBS! JOBS! JOBS!

Well, it seems Trump's trumpeting about his impact on the US economy via Jobs jobs, jobs" at Ford is no different than other Trump carnival barking.  It was good for the moment, but when faced with the reality of time Ford is no different than other US corporations.  

The automaker, is not doing well in its market niches and what goes first to maintain the P & L statements? Cost are trimmed. And, what cost employers most? Employees. When stock prices lag, people have to go!

Take a look at how WRAL addressed ford's announcement.
The 114-year-old automaker said Wednesday it is cutting 1,400 non-factory jobs in North America and Asia Pacific. The company will offer voluntary early retirement and separation packages to around 10 percent of its salaried workers in departments such as sales, marketing and human resources. It expects the actions to be complete by the end of September. 
The cuts are the biggest to Ford's U.S. white collar staff since 2007, when 7,200 workers took voluntary buyout packages.  
In an email to employees, Ford said it wants to strengthen its core business and invest aggressively in new opportunities. "Reducing costs and becoming as lean and efficient as possible also remain part of that work," the company wrote.
Trump's March 28th bluster was that an nothing more. Yet, in conservative tiems, the timing was effective enough for that "for the moment" pop conservatives so love. They are incapable of looking to the future.

Of course, any media which reports on Ford's decision and Trump's past lauding of Ford's (Jobs, jobs, jbobs) fall into that category of media which "always picks on Trump."

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