Ford’s stock is down 29%, and the tariffs imposed by President Trump have reportedly cost the company $1 billion, as the company is in the midst of a reorganization. Now, the company is announcing layoffs.
Jim Hackett, Ford’s CEO, is working to engineer a $25.5 billion restructuring, hoping to cut costs and remain competitive. But auto sales are down, and one reason is the trade tariffs that Trump has imposed on metals and other goods. Hackett has said the tariffs could do “more damage” if the disputes aren’t resolved quickly.
Read the article at Fortune.
The post After Losing $1 Billion to Trump’s Trade Tariffs, Ford Prepares for Mass Layoffs appeared first on Fleet Management Weekly.
from Fleet Management Weekly https://ift.tt/2PAVyGH
Sourced by Quik DMV - CADMV fleet registration services. Renew your registration online in only 10 minutes. No DMV visits, no lines, no phone mazes, and no appointments needed. Visit Quik, Click, Pay & Print your registration from home or any local print shop.
0 comments:
Post a Comment