Ford is expected to lay off between 25,000 and 50,000 workers around the world this quarter! If you already worked over 30 and 40 years, you should be ready to bail at moments notice
Where exactly did the "up to 50,000" number come from? The highest I've read was between 12k and 13k. Any sources for this?
25,000 HC reduction sounds about right for a $25.5 billion restructuring cut. Assuming the company doesn't sell off any large capital item like buildings or plants, $25.5 billion dollars divided by $100,000 over 10 years will support about 25,000 jobs. So 20-30k jobs being eliminated is within the ballpark figure.
The analysts used Ford's planned expenses as part of their calculations and compared them to General Motors Co's expenses in the latter's planned restructuring announced last week.
"Extrapolated to Ford's planned expenditure, this could imply 20 plants and up to (50,000) employees," they said. "Our estimate of Ford's restructuring plan involves as many as (25,000) headcount reductions globally."
https://www.thestreet.com/investing/ford-restructuring-layoffs-could-dwarf-gms-analysts-14799084
The source:
( * ) ----> internet