Manufacturing News from the Engineered Designer Perspective

Ford to boost profits by cutting 1400 salaried workers in North America and Asia

A group of 1,400 Ford salaried workers not directly involved in vehicle production — including managers —  will be cut as of September 2017. Reuters reports Ford hopes to achieve this with “voluntary measures.”

 

Ford’s car lineup 2017.

 

This represents a 10 percent cut to a group of 15,000 employees in a group of employees “not tasked with vehicle production.” This is, according to Reuter’s sources, to shore up the bottom line in an effort to halt slipping stock prices. The goal is to cut costs by $3 billion.

Voluntary measures will include “generous” early retirement offers.

More Great Stories
Ford to boost profits by cutting 1400 salaried workers in North America and Asia
A group of 1,400 Ford salaried workers not directly involved in vehicle production — including man [more]
Diesel emissions fallout continues: US. to sue Chrysler Fiat if talks fail
It's not quite "Diesel-gate" but the smoke hasn't cleared on diesel emissions. The Justice Departmen [more]
Provinces of Alberta and B.C. cashing in on drilling rights; surpasses 2016 as commodities strengthen
Already, in a few months of 2017, oil and gas producers spent four times what they did in all of 201 [more]
SpaceX launches Immarsat 5 F4: continuing the Elon Musk tradition of innovation with commercial payback
Currently, as I write this, the Immarsat-5 Flight 4, livecast via YouTube (below) is at an altitude [more]
Richard Browning invents super human 450 km per hour “Iron Man” flight suit (video)
The idea of having superhuman capabilities, especially the ability to fly, has captivated us since a [more]
Clean technologies for mining: Green Mining’s time has come
In the United States, metal mining "creates nearly 30% of all the toxic releases measured annual [more]
3D printing, or additive manufacturing, becoming more mainstream across many manufacturing sectors
Additive manufacturing, otherwise known as 3D printing is growing in practicality and popularity. In [more]
Is Clean Diesel a myth, or a yet-to-come promise?
Four big cities have already moved to ban diesel from their cities: Paris, Madrid, Athens and Mexico [more]
Auto Sales Down Again for Big Car Makers
Demand is down again for automobiles in April, after an already weak March 2017. Overall, in Apr [more]
Technology that could help save the earth: Carbon Capture and Storage
No one technology can "save the earth" but, since carbon dioxide emissions are one of the major caus [more]
Creative work skills helping drive the 4th Industrial Revolution, the fusion of biological, digital and physical
The fusion of three worlds — biological, digital and physical — gave rise to the massive potenti [more]
3D printed homes in 24 Hours — printed on site: printed villas, offices and floating saunas?
3D Printing's potential has hardly been tapped. NASA has programs in place to 3D print components fo [more]
Wind capacity reaches 82,183 megawatts in US, enough to power 24 million homes
The United States is chasing after wind-friendly Europe and Asia. With wind power generating more po [more]
Vitamin-derived battery created by U of T chemists
The search for better batteries has taken another step forward with the work of chemists at the [more]

Other Popular News and Stories

  • Bombardier nearly ready to flight test CSeries
  • GM investing $250 million at Ingersoll plant
  • Manufacturing the sole industry showing job losses in February
  • Clean energy expected to surge as pv costs drop
  • Russian leasing company orders 42 CSeries jets from Bombardier
  • DART Aerospace re-branding itself to reach wider markets
  • BC refinery close to financing deal
  • RV industry has growing role in Canada's economy: study
  • Japex to buy into west coast LNG development
  • Canada keeping up pressure on US for Keystone XL approval
  • Pratt & Whitney Canada announces helicopter engine contracts
  • Economy managed slight growth in Q4, but shrank in December
  • Canadian business, except energy, had profitable Q4: Statistics Canada
  • Bombardier holds update on CSeries aircraft
  • FTG Aerospace to supply avionics to Rockwell Collins
  • Canadian oil production up; producers turning to railways for shipment
  • Skilled labour shortage in world oil industry: report
  • Volkswagen to produce super-efficient hybrid
  • Miners struggling with higher costs, lower prices
  • SPPCA's new landing gear facility opening in Mississauga