Ford to lay Off 5000

B

Bodd

I heard on the Radio this morning that Ford are laying off 5000 workers.


Is this down to Brexit as well?
 
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More to do with the fact that FoE lost $2bn in 2018. The closures are Europe wide (and Russia & Turkey)
 
More to do with the fact that FoE lost $2bn in 2018. The closures are Europe wide (and Russia & Turkey)


If it were 5000 British jobs, I'm sure it would be put down to Brexit by the rock steady crew..
 
Well, if you lose money on every car you sell in Europe, last thing you want to do is sell more of them. They'll pass over cars to VW.
 
Its a funny world where a company like Tesla can have around double the market cap and only just be profitable and be valued as a tech company while Ford is apparently getting out of the car business according to the CEO.
 
Feel a seems like a bubble fit to burst.. but yeah crazy old world.
 
A little depressingly both Bridgend & Dagenham diesel centre design and make engines for Transits, Commercial vehicles are the one profitable sector for FoE.
 
Still, despite a nearly 50% decline in profits at least the CEO got a 6% pay rise. :whistle: not quite sure how that works :?:
 
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