US:Ford to lay off more white-collar staffers
Ford to lay off more white-collar staffers
By Bryce G. Hoffman / The Detroit News
More Ford Motor Co. employees will get pink slips today as the company moves forward with the consolidation of its sales and marketing divisions, according to people familiar with the situation.
The consolidation is reducing the number of sales and marketing field offices by two-thirds nationwide. Analysts have said Ford likely would cut at least 15 percent of 3,500 employees in its marketing and sales units. Many of those cuts, however, could come through retirements and normal attrition.
"We can't speculate or comment on personnel actions," said Ford spokesman Tom Hoyt. "We said earlier in the year that we need to reduce our costs. As part of that, we would need some voluntary and possible some involuntary (layoffs). Those actions are ongoing."
The automaker is combining its Ford, Lincoln and Mercury marketing divisions to cut costs and streamline operations.
It is welcome news to dealers like Jerry Reynolds, who owns Ford and Lincoln Mercury dealerships in the Dallas area. He said multiple marketing and sales organizations offered few benefits to dealers. "It's just double the work," Reynolds said. "This is going to be a real time-saver for us."
The move is part of Ford's effort to trim costs because of declining sales and mounting losses. Ford posted a pre-tax second quarter loss of more than $1.2 billion.
Ford reduced its white-collar staff by 1,100 this spring with buyouts and early retirement offers. In July, Ford began involuntary layoffs, cutting jobs in its public relations department, after announcing it needed to trim another 1,750 salaried workers by Oct 1.
My first car was a 67 Mustang Coupe, 2nd one was a 67 Cougar XR-7, 3rd one was a 66 Mustang Coupe. Why did I get rid of these cars for ? I know why, because I'm stupid, stupid, stupid.
My next Ford.....