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Ford Prepares for Mass Layoffs After Losing $1 Billion to Trump's Trade Tariffs

Discussion in 'Auto Industry News' started by Anime, October 10, 2018.

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    1. Anime

      Anime EF YEAH!! Elite Explorer

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      Ford Prepares for Mass Layoffs After Losing $1 Billion to Trump's Trade Tariffs, Report Says


      Ford Prepares for Mass Layoffs After Losing $1 Billion to Trump's Trade Tariffs, Report Says
       
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    3. domct203

      domct203 Elite Explorer

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      I wonder how many jobs were lost when these parts were originally outsourced years ago? the only thing the investors at Ford cared about at that time was the bottom line profits, not the fact that they would be putting all these small US based sub-contractors out of business.

      I guess that 'Blaming Trump' is the new thing ........
       
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    4. massacre

      massacre Elite Explorer

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      Can’t just single out Ford
      Look at manufacturing as a whole, not much made here anymore.
       
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    5. Tech By Trade

      Tech By Trade Well-Known Member

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      Well, I guess if they provided something customers wanted to buy they could sell more of them.....
       
    6. Turdle

      Turdle I bake stuff Staff Member Moderator Elite Explorer

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      You make a good point. People who are buying new cars are buying trucks and SUV's

      F150 is the best selling car ever, and the new Lincoln navigator has spurred record sales growth for a particular model.
       
    7. massacre

      massacre Elite Explorer

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      I see a lot of mustangs on the road?
       
    8. domct203

      domct203 Elite Explorer

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      I’ve been in manufacturing my entire life (CT), couldn’t agree more. There’s not much left because of lop-sided trade agreements and environmental restrictions that made it cost prohibitive to do businesses in the US.

      I worked at Marlin Firearms in North Haven for 26 years before Remington bought them and closed our plant in 2011, I remember when Pratt and Whitney pulled out of North Haven, many smaller job shops in the area couldn’t survive, many raised prices and forced OEM manufacturers to look elsewhere. Many others folded. When Remington announced Marlin was closing and moving production to their other facilities there were almost 300 people employed, now without a job. I’m sure that hurt the city’s economy as well.

      It has a ripple effect, as other small businesses like delis, convenience stores, etc suffer as well.

      I’m still in manufacturing, and there seems to be a steady rise, especially in the oil, defense, & aerospace fields. We make precision tooling for those industries and have noticed a steady increase in orders, and the return of blanket orders from some of our larger customers that had become stagnant.

      Let’s hope things continue this way.
       
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    9. gmanpaint

      gmanpaint Torsion Bar Free Staff Member Moderator Elite Explorer

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      Maybe if they didn't spend $2B/yr on advertising, and only spent $1B/yr, wait..... How about they cut down the profit margins instead, wait..... How about sleeping in the bed they made? Yeah, that's the one.
       
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