Ford confirms plans to cut 1,400 salaried jobs in North America, Asia, through "Voluntary" buyouts. The automaker, facing pressure to improve profitability amid a lagging stock price, confirmed that it would cut nearly 10% of its salaried workforce in its North America and Asia Pacific divisions. Ford said the cuts would occur through "Voluntary" buyouts and early retirement packages. Ref. USAToday.
Ford names former Steelcase CEO Jim Hackett to replace CEO Mark Fields in sweeping shakeup. Facing a lagging stock price and questions about its ability to compete on futuristic technology, Ford ousted CEO Mark Fields and replaced with an outsider known for corporate culture change. Ref. USAToday.
Go Ford. I like Ford. When the all the rage was taking charity from the Government, Ford chose to go it alone. Although I drive a Dodge truck, I would buy a Ford truck. Yeah, I'm a truck kinda guy. Anyway, I hope getting some outside of the box thinking works and this helps Ford.