Ford prepares to lay off 20,000 workers after $1 billion loss due to Trump’s tariffs.
Journal of People report
Ford may have to cut production of some models, which will reduce U.S. jobs, and all these are because of tariff war with China, which the U.S. has initiated.
Ford has informed employees this week of a planned reorganization that will cut salaried jobs as the automaker seeks to improve profits and revive its stock price.
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The Most Revolutionary Act 
If the plan is to destabilize the world economy, it appears to be working.
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I see it as a kind of scorched earth policy, Rosaliene. The US ship of state is going down. That’s why they want to ruin things for everyone else before they go.
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The Fords most believe to have been built in Canada are almost entirely bolt in China, then shipped to Canada for minor work and so declared of Canadian manufacture. We are told that 2017 Ford income was $7.6 billion and that there will be a drop in profits this year. The company is embarking $11 billion in restructuring. “… planned reorganization that will cut salaried jobs as the automaker seeks to improve profits and revive its stock price.” Anyone see vast production through robotics?
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It’s a real can of worms, marblenecltr. It’s occurred to me that Trump’s trade war may provide significant impetus for the strengthening of local economies.
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Henry Ford used to say that he wanted to build an automobile his workers could afford to buy. That policy has changed to almost everyone’s detriment. If Chinese (and Mexican) workers were fairly paid, then almost everyone would benefit, individuals and nations. People being what we are, it is not always cream that has risen to the top.
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