https://investorplace.com/2023/10/ford-layoffs-2023-what-to-know-about-the-latest-f-job-cuts-oct-19th/ Summary of the article: In order to reduce its workforce, Ford is laying off 700 employees involved in the production of the electric F-150 Lightning. As part of this reduction, one of the three shifts at the manufacturing facility has been eliminated. These layoffs are unrelated to the ongoing United Auto Workers (UAW) strike, although an additional 500 layoffs were announced in connection with the strike. It is possible that more layoffs may be necessary in the near future as a result of the ongoing strikes. Due to Ford's interconnected production system, disruptions at one facility may affect others as well.
It’s a bad time to be in the automotive industry as a whole; this is coming from someone who’s worked with automotive clients all of his career. As soon as I saw the UAW strike begun, I knew that the industry was going to experience a downturn sometime soon. Thankfully, this has shown the average consumer that Ford, Stellantis and other related brands aren’t worth the cost of production and investment, and that EVs are not a long term sustainable solution to fossil fuels, but that repairability and longevity of high quality products that are made of metal rather than plastic is paramount to maintaining any semblance of quality with cars. This has also shown that over complicating the production of cars with too many electronic components that are designed to fail should be avoided at all costs. TC: 105K
This is what jpowell wanted. More people on unemployment to reduce inflation. Nothing like trading a couple dollars lower on groceries for complete loss of your job. Destroying high paying job for more lower paying job.
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Have you seen the price of the lightning? The dealers are marking them up like crazy so nobody is buying them