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DonViejo

(60,536 posts)
Wed Oct 10, 2018, 08:38 AM Oct 2018

Ford May Lay Off 24,000 In Trump's Trade War

Dan Desai Martin

October 10, 2018 12:47 am

Trump’s trade war is also a war on American workers — including workers at iconically American companies like Ford.

Ford has already lost $1 billion thanks to Trump’s trade war, NBC News reports. And now the American automaker is looking at thousands of layoffs as part of a reorganization strategy.

The exact number of layoffs is unknown, but is estimated to be about 24,000 workers worldwide, according to a recent analysis from Morgan Stanley.

“Ford has already warned that President Donald Trump’s auto tariffs have impacted the company to the tune of $1 billion, and the president’s trade policies threaten to play havoc with Ford’s ongoing reorganization,” Ford CFO Bob Shanks told NBC News.

The popular Ford Mustang could also be on the chopping block as a direct result of Trump’s trade war with China. The Mustang had been the most popular U.S. car in China before the country imposed tariffs on American-made vehicles in response to Trump’s tariffs.

more
http://www.nationalmemo.com/ford-may-lay-off-24000-in-trumps-trade-war/

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Blue_true

(31,261 posts)
6. The news is out. Doesn't really matter.
Wed Oct 10, 2018, 08:55 AM
Oct 2018

This sinks republicans in Michigan and may damage them in Ohio.

Hortensis

(58,785 posts)
14. Good point. Employees in KY, MO, IL, plus in satellite industries (!)
Wed Oct 10, 2018, 09:30 AM
Oct 2018

wherever have to be alarmed and wanting reassurance that this round won't affect them...

Ohiogal

(32,000 posts)
2. When do we start winning?
Wed Oct 10, 2018, 08:42 AM
Oct 2018

American businesses laying off ..... no health care plan in the works at all .... no plan for infrastructure at all .... children at our southern border incarcerated in cages ..... lying misogynist installed on the Supreme Court .... stagnant middle class wages while the 1% gets tax cuts .....

I can't stand all this winning.

Sucha NastyWoman

(2,748 posts)
3. It would be nice if they could figure out who the Trump supporters are
Wed Oct 10, 2018, 08:49 AM
Oct 2018

And lay them off. Elections have consequences - too bad those consequences can’t be borne by those responsible for them.

SallyHemmings

(1,821 posts)
7. The impact will be mind numbing
Wed Oct 10, 2018, 08:56 AM
Oct 2018

Those laid off workers won’t be buying stuff which means there will be other collateral damage.

I, too, hope it occurs before November 6.

Chuuku Davis

(565 posts)
9. Ford will quit selling the
Wed Oct 10, 2018, 08:58 AM
Oct 2018

Focus
Fiesta
Fusion
Taurus

They lose money

And the Mustang is not on the chopping block

Srkdqltr

(6,290 posts)
11. As I remember it
Wed Oct 10, 2018, 09:06 AM
Oct 2018

This is what happened just before the last recession. Things were going well then the auto companies started layoffs. Each layoff is at least 2 cars not sold . Then more layoffs the fewer cars sold. Not good for the economy.

Bengus81

(6,931 posts)
15. No problem,once Republicans and their new best bud Kavanaugh make Unions illegal
Wed Oct 10, 2018, 09:45 AM
Oct 2018

Then they can lower labor costs to the bone.

Blue_true

(31,261 posts)
16. GM Likely has an even bigger bloodbath in the works.
Wed Oct 10, 2018, 09:46 AM
Oct 2018

It is more exposed to China and trade partners than Ford.

Initech

(100,076 posts)
17. Jobs jobs jobs!!!!
Wed Oct 10, 2018, 10:18 AM
Oct 2018

Here's the thing Trumpers - Democrats will make sure that you keep your jobs. Republicans will sell yours off to the highest bidder and you'll be forced to fight for the low wage service job that it gets replaced with. Get how that works?

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