Life Ford to lay off 24,000. Temporary stop of production at Claycomo, MO plant near KC - Page 5

Chief Roundup · 11:39 AM

Ford is having a bad year in 2018. Its stock is down 29%, and the tariffs imposed by President Trump have reportedly cost the company $1 billion, as the company is in the midst of a reorganization. Now, the company is announcing layoffs.

Jim Hackett, Ford’s CEO, is working to engineer a $25.5 billion restructuring of the automaker, hoping to cut costs and remain competitive, the Wall Street Journal reports. But auto sales are down, and one reason is the trade tariffs that Trump has imposed on metals and other goods. According to Bloomberg, Hackett has said they have already cost the company $1 billion in profit and could do “more damage” if the disputes aren’t resolved quickly.

Ford, the No. 2 U.S. automaker by sales, is making aggressive job cuts as part of that reorganization, NBC News reported. While the company hasn’t said how many jobs will be lost, a report from Morgan Stanley estimates “a global headcount reduction of approximately 12 percent,” or 24,000 of Ford’s 202,000 workers worldwide.”

While reports have indicated that the job cuts are likely to come early next year, The Kansas City Star reported Tuesday that Ford has temporarily halted production of transit vans in Claycomo, Mo. The move is intended to prevent a build-up in Ford’s inventories of the vans, but it will leave 2,000 workers idle between Oct. 22 and Nov. 4.

Despite news of the layoffs, Ford’s stock closed down 3.4% Tuesday.

At a time when automakers are scrambling to prepare for self-driving cars, Ford is also struggling to keep pace with the rest of the industry. September was a bad month for U.S. auto sales—with aggregate sales down 7%—but Ford’s drop off was even more severe. Ford said its sales of its vehicles declined 11.2% last month, with sales of its best-selling F-Series pickup trucks down 9%.

**HemiEd** · 10-29-2018, 04:29 PM

Quote:

Originally Posted by Bugeater

Yes, the used truck market is insane. Part of the problem is no one buys normal trucks anymore. They're all ginormous crew cab behemoths loaded down with every feature you can think of. When I was in the market a couple years ago I wanted a full-size regular cab/short bed 4x4. You know, something that would fit in my garage. I may as well have been looking for a ****ing unicorn.

And then to find something rust free is a challenge, I don't know what it is about trucks but you're hard pressed to find anything more than 10 years old that isn't rusting all to hell. Meanwhile, my 2002 Grand Cherokee doesn't have a speck of visible rust and neither did the 2005 Toyota Solara that we just recently sold.

I ended up paying way too much for a 2011 Dakota because I wanted something rust free, thing was immaculate with no sign of any rust but within 6 months...here comes the rust bubbles above the rear wheel lips.

Kind of sad it is all the way up to 70k after 15 years.

JakeF · 10-29-2018, 04:31 PM

Winning
Maga

**srvy** · 10-29-2018, 04:36 PM

Quote:

Originally Posted by Valiant

And bring back the ****ing small truck.

Also, if they want to get more money and stay profitable. Maybe not sell the gt so cheap. If you sell for 275k and it is flipped for 1.5mill maybe you should raise it to 750k at least?

2nd money idea. Limited release trucks and cars. Say a 1000 a year. This year would be a 1950 truck with updated tech inside it. Next year a 53car.

Isnt Ford bringing back the Ranger.

**srvy** · 10-29-2018, 04:39 PM

Quote:

Originally Posted by Valiant

Ranger is mid sized like the colorado. I believe the bronco will also be off the same platform.

So you want Chevy Luv size. Thats a worthless size in a truck. Kinda like a small soft drink at sonic 2 pulls and its gone.

Eleazar · 10-29-2018, 04:49 PM

Quote:

Originally Posted by htismaqe

The bulk of the 202K layoffs worldwide are management employees. Middle managers and other white collar jobs. Not factory workers.

None of this says anyone in KC is being laid off. Just that they are idling the line at Claycomo so unsold inventory of the vans doesn’t build up. Seems like they do that every now and again.

But Ford did make the conscious decision to focus on trucks, vans, and SUVs. May not prove to be a real sound business strategy

Sassy Squatch · 10-29-2018, 04:54 PM

Quote:

Originally Posted by Eleazar

None of this says anyone in KC is being laid off. Just that they are idling the line at Claycomo so unsold inventory of the vans doesn’t build up. Seems like they do that every now and again.

But Ford did make the conscious decision to focus on trucks, vans, and SUVs. May not prove to be a real sound business strategy

It's effectively a 2 week layoff. Nothing unexpected. Truck side usually does their idling/layoffs around the 4th of July and Christmas.

**srvy** · 10-29-2018, 04:56 PM

Quote:

Originally Posted by Eleazar

None of this says anyone in KC is being laid off. Just that they are idling the line at Claycomo so unsold inventory of the vans doesn’t build up. Seems like they do that every now and again.

But Ford did make the conscious decision to focus on trucks, vans, and SUVs. May not prove to be a real sound business strategy

I live very close to that plant and have neighbors and friends that work there. This is just part of working at a auto assembly plant and they still get payed during the layoff.

Sassy Squatch · 10-29-2018, 05:03 PM

Quote:

Originally Posted by srvy

I live very close to that plant and have neighbors and friends that work there. This is just part of working at a auto assembly plant and they still get payed during the layoff.

Yep. Unless you're living paycheck to paycheck layoffs are ****ing awesome. 85% pay to do **** all.

Rasputin · 10-29-2018, 05:13 PM

Nutthooks this has nothing to do with Dee Ford blasting Kase Keenum

'Hamas' Jenkins · 10-29-2018, 05:18 PM

Quote:

Originally Posted by Superturtle

Yep. Unless you're living paycheck to paycheck layoffs are ****ing awesome. 85% pay to do **** all.

What's the most interesting thing you do at your job?

Sassy Squatch · 10-29-2018, 05:22 PM

Quote:

Originally Posted by 'Hamas' Jenkins

What's the most interesting thing you do at your job?

Put 8 nuts on and shoot 4 bolts. 600+ times a day. 4 or 5 days a week. In other words, ****ing nothing.

Sassy Squatch · 10-29-2018, 05:26 PM

This was pretty hilarious. Machine that picks the frame up just said **** it and dropped half of it.

htismaqe · 10-29-2018, 05:45 PM

Quote:

Originally Posted by Eleazar

None of this says anyone in KC is being laid off. Just that they are idling the line at Claycomo so unsold inventory of the vans doesn’t build up. Seems like they do that every now and again.

But Ford did make the conscious decision to focus on trucks, vans, and SUVs. May not prove to be a real sound business strategy

Agree with the 1st part.

As for the 2nd part, it's not so much a good or bad decision as it is a necessity. People don't want cars, they want SUVs. In the event they do want a car, they mostly want a Camry.

**Bugeater** · 10-29-2018, 06:29 PM

Quote:

Originally Posted by HemiEd

Kind of sad it is all the way up to 70k after 15 years.

YES YOU ARE THE SOB WHO BOUGHT THE LAST ONE!

I would have already done my damndest to talk you out of that thing if it wasn't black.

**Bugeater** · 10-29-2018, 06:34 PM

Quote:

Originally Posted by htismaqe

Agree with the 1st part.

As for the 2nd part, it's not so much a good or bad decision as it is a necessity. People don't want cars, they want SUVs. In the event they do want a car, they mostly want a Camry.

My wife just bought a Mazda CX-5. Her previous vehicles:

2005 Solara (2 door Camry)
2004 Camry
1998 Camry
1993 Accord
1988 Camry

So yeah, that's accurate.

10-29-2018, 11:23 AM
Chief Roundup Admitted Planet Junky Join Date: Oct 2000 Casino cash: $1511627	Ford to lay off 24,000. Temporary stop of production at Claycomo, MO plant near KC Ford is having a bad year in 2018. Its stock is down 29%, and the tariffs imposed by President Trump have reportedly cost the company $1 billion, as the company is in the midst of a reorganization. Now, the company is announcing layoffs. Jim Hackett, Ford’s CEO, is working to engineer a $25.5 billion restructuring of the automaker, hoping to cut costs and remain competitive, the Wall Street Journal reports. But auto sales are down, and one reason is the trade tariffs that Trump has imposed on metals and other goods. According to Bloomberg, Hackett has said they have already cost the company $1 billion in profit and could do “more damage” if the disputes aren’t resolved quickly. Ford, the No. 2 U.S. automaker by sales, is making aggressive job cuts as part of that reorganization, NBC News reported. While the company hasn’t said how many jobs will be lost, a report from Morgan Stanley estimates “a global headcount reduction of approximately 12 percent,” or 24,000 of Ford’s 202,000 workers worldwide.” While reports have indicated that the job cuts are likely to come early next year, The Kansas City Star reported Tuesday that Ford has temporarily halted production of transit vans in Claycomo, Mo. The move is intended to prevent a build-up in Ford’s inventories of the vans, but it will leave 2,000 workers idle between Oct. 22 and Nov. 4. Despite news of the layoffs, Ford’s stock closed down 3.4% Tuesday. At a time when automakers are scrambling to prepare for self-driving cars, Ford is also struggling to keep pace with the rest of the industry. September was a bad month for U.S. auto sales—with aggregate sales down 7%—but Ford’s drop off was even more severe. Ford said its sales of its vehicles declined 11.2% last month, with sales of its best-selling F-Series pickup trucks down 9%. Last edited by Chief Roundup; 10-29-2018 at 11:39 AM..
Posts: 19,252

10-29-2018, 04:31 PM	#62
JakeF MVP Join Date: May 2017 Casino cash: $9990400	Winning Maga
Posts: 10,605	0 1

10-29-2018, 05:13 PM	#69
Rasputin Tip of the hat LIV Champs Join Date: Jun 2007 Location: ks Casino cash: $3005421	Nutthooks this has nothing to do with Dee Ford blasting Kase Keenum
Posts: 55,003

10-29-2018, 05:26 PM	#72
Sassy Squatch The man you could post like. Join Date: Oct 2010 Casino cash: $1899655	This was pretty hilarious. Machine that picks the frame up just said **** it and dropped half of it. Attached Thumbnails
Posts: 38,167