Sábado, 19 Agosto, 2017

Ford 'set to shed 10% of workforce'

Malita Javier | 19 May, 2017, 22:24

The Detroit automakers have been under pressure from U.S. President Donald Trump to add jobs in the United States, but declining U.S. sales and stalled share values are exerting a stronger force.

According to a person briefed about the plan, Ford plans to offer generous early retirement incentives to cut its salaried headcount by 1 October.

Ford Motor said Wednesday it would cut its salaried workforce in North America and Asia by almost 10% as it seeks to boost profitability amid a falling stock price.

What's more, the US auto market, where Ford makes the bulk of its profit, appears to have peaked in 2016, meaning Ford must find other areas to bolster the bottom line. The auto maker said it expects 1,400 salaried positions to be affected by the end of September, as part of its plan to reduce costs and becoming as "lean as efficient as possible".

Bong Joon-ho Excited Ahead of His New Film's Premiere at Cannes
This year was the first time the festival backed on its policy to only shortlist movies which could premiere in French cinemas. Festival organisers tried to negotiate a compromise, with a "limited release" of the movies in France mooted.

Ford has not said how the new job cuts will impact its earnings for all of 2017.

Since Mark Fields became Ford's chief executive in 2014, company shares have fallen by almost 40 percent.

About two-thirds of the buyout offers are in North America and the rest in Asia. Ford has about 30,000 salaried US employees, a company spokesman said. Morgan Stanley analyst Adam Jonas says Ford should consider exiting unprofitable vehicle lines, like small cars, or markets, like India.

Earlier this year, the niche electric vehicle company Tesla passed both Ford and GM in market value, despite having a small fraction of either company's sales.

Ningún político ha sido tratado peor: Trump
El mandatario ruso anunció su disposición a entregar a Estados Unidos la transcripción del polémico encuentro entre Trump y los funcionarios rusos en la Casa Blanca .

Automakers are also investing heavily in self-driving cars and other new technology.

Back in January, following criticism and pressure from Trump, Ford pledged to scrap plans for a Mexican auto plant and added 700 jobs in MI instead.

But investors are clearly anxious that after seven straight years of growth, US sales are peaking and Ford's share of that critical market has been falling. The President took credit for Ford's decision to invest in the US.

After getting plenty of attention in the automotive realm with rumors of mass layoffs, Ford has released a statement confirming a reduction in its salaried, white-collar workforce. It previously forecast re-tax earnings of $9 billion, down from $10.4 billion for all of past year.

Acusan de homicidio a responsable de atropellamiento en EE.UU
Trump, prevé realizar una conferencia de prensa en las próximas horas junto con el Presidente colombiano Juan Manuel Santos. Una persona murió y otras 22 quedaron lesionadas tras el atropello (Foto: EFE ).

Recommended

  • Robert Mueller takes Russian Federation case as criminal investigation

    But President Trump criticized the appointment in a statement Wednesday and again at a White House news conference Thursday. Trump said it was the single greatest witch hunt of a politician in American history, which hurts the country.

    Nearly 23500 cholera cases, 242 deaths in Yemen in three weeks

    According to the World Health Organization, two-thirds of the total population of the country are on the brink of starvation . It launched an appeal for help from global humanitarian organisations to deal with the crisis.
    Solución de la situación en Venezuela son las elecciones — Parolin

    Solución de la situación en Venezuela son las elecciones — Parolin

    Habló el secretario de Estado El Vaticano advierte que sin elecciones la situación en Venezuela "puede ser cada vez más dramática " El Vaticano ratificó su pedido de que se celebren elecciones en Venezuela porque la situación en el país sudamericano puede volverse "cada vez más dramática ".
  • La verdad de Venezuela fue expuesta ante la Caricom — Delcy Rodríguez

    La verdad de Venezuela fue expuesta ante la Caricom — Delcy Rodríguez

    Por último y en relación a las sanciones del Departamento del Tesoro de EE.UU. contra ocho magistrados del Tribunal Supremo de Justicia (TSJ ), opinó que se tomarán "acciones diplomáticas".
    Entregó Corral a Peña documento de investigación sobre Miroslava

    Entregó Corral a Peña documento de investigación sobre Miroslava

    La investigación sobre el asesinato de Breach ya está concluida, según indicó Corral Jurado a medios nacionales el día de ayer, cuando entregó un informe al presidente de México, Enrique Peña Nieto, sobre este caso y le solicitó algunas gestiones, de las cuales no se dio mayor detalle.

    Why the Patching Problem Makes us WannaCry

    In fact, the real reason hackers and criminals attack Windows is that it's the most popular desktop operating system in the world. Microsoft , for instance, ended support and the issuance of security patches for their operating system (OS) Windows XP in 2014.
  • Former Gianvito Rossi Employee Claims Company Discriminated Against Serena Williams

    Former Gianvito Rossi Employee Claims Company Discriminated Against Serena Williams

    Once she was hired, Wilburn claims her boss, Grace Mazzilli , immediately became "hostile to Wilburn based upon her race and age". An employee at Gianvito Rossi's Manhattan boutique said Mazzilli was unavailable to comment because she's traveling in Italy.
    Jefferies Group Analysts Lower Earnings Estimates for Baker Hughes Incorporated (BHI)

    Jefferies Group Analysts Lower Earnings Estimates for Baker Hughes Incorporated (BHI)

    The company reported EPS of $-0.24, below the consensus estimate calling for EPS of $-0.21 - a negative surprise of -12.62%. The business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.27 billion.

    Aide posts joking video of Clinton avoiding 'unwanted Trump hug'

    As Clinton gets close, the Trump stand-in opens his arms up wide to embrace her - and she responds by stiff-arming him by extending her hand out for him to shake.
  • Barnes & Noble, Inc. (BKS) Shares Bought by Teachers Advisors LLC

    Following the transaction, the vice president now directly owns 62,667 shares in the company, valued at approximately $616,016.61. Equities research analysts expect that Barnes & Noble Education will post $0.13 earnings per share for the current year.
    Alex Smith to 'embrace' relationship with Mahomes

    Alex Smith to 'embrace' relationship with Mahomes

    " I'm at a different place than the last time I dealt with something like this ", Smith said, per the Kansas City Star . I remember being there. "Yeah, we talked ... it really was just touching base", Mahomes said.
    Rs 45 crore in old notes seized from tailor in Chennai

    Rs 45 crore in old notes seized from tailor in Chennai

    The raids on the premises of sand mining baron Sekhar Reddy and two of his associates last December have been the biggest so far. Since the Prime Minister announced demonetisation on November 8, there have been multiple raids in Chennai .

WikiLeaks Offering $100000 For Donald Trump's 'Comey Tapes' WikiLeaks Offering $100000 For Donald Trump's 'Comey Tapes' Trump's tweet came the morning after he asserted Comey had told him three times that he wasn't under FBI investigation. She remains incredulous, she said, that he wrote it - and that it may have served as the basis for Comey's firing.

Chelsea want to 'win everything' next season, says Kante Chelsea want to 'win everything' next season, says Kante Emenalo said: "After Kante's first training session with us the players hugged him and we sent Leicester flowers". Layla Anna-Lee tells you exactly why she believes N'golo Kante is not the best midfielder in the world.

Trump decries 'single greatest witch hunt' in US history He added that although he's "not a legal authority", but that "the intelligence committee will get the facts". Rosenstein briefed USA senators on Thursday, but made no public comments.

Mercedes Aráoz: APRA deberá explicar financiamiento de campaña en 2011 Mercedes Aráoz también se expresó sobre el tema mediante su cuenta de Twitter. Agregó que no manejó el financiamiento ni temas logísticos.

Donald Trump to set up panel to investigate voter fraud Last month, Kobach got his first conviction of a noncitizen who illegally voted in a Kansas election without being a US citizen. Mr Trump won the presidency with an Electoral College victory despite losing to Mrs Clinton by almost three million votes.

Former Rep. Anthony Weiner pleads guilty to 'sexting' with minor Former Rep. Anthony Weiner pleads guilty to 'sexting' with minor Two years later, he announced a run for New York City mayor but dropped out of the race when more explicit messages became public. Wearing a navy-colored suit, maroon tie and his wedding band, a tearful Weiner, 52, described his conduct before U.S.

Hate mainstreamed; extremism new normal in India, says Pak army chief Hate mainstreamed; extremism new normal in India, says Pak army chief He said the youth in Pakistan is getting exploited due to "poor governance" and "lack of justice" in society. Gen Bajwa said that Pakistan Army was the only army in the world that has defeated terrorism of this scale.

Here's the Manchester United to team to face Celta Vigo Here's the Manchester United to team to face Celta Vigo A second-half Marcus Rashford free-kick saw United claim a 1-0 win on Thursday, giving them the upper hand in the last-four tie. Rashford and United could have had more of an advantage to take back to Old Trafford for the second leg on May 11.

Carnival Corp (CCL) Shares Sold by Capital Analysts LLC The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website . With all other things going on, Carnival Corporation (NYSE:CCL) has been on a run - rising 6.46 percent in just three months.

Fuerte operativo en Times Square: un auto atropelló a 13 personas Fuerte operativo en Times Square: un auto atropelló a 13 personas Varios heridos y otros transeúntes lloraban.Una jovencita vestida con un top y un short camuflado quedó en medio de un charco de sangre.

Neymar queda fuera de la convocatoria de Brasil Neymar queda fuera de la convocatoria de Brasil Brasil ya aseguró su clasificación al torneo cuando restan cuatro fechas en las eliminatorias sudamericanas. Porteros: Diego Alves (Valencia), Weverton (Atlético Paranaense) y Ederson (Benfica).

Martin Freeman and Sarah Lancashire sign up for Labour Party play Martin Freeman and Sarah Lancashire sign up for Labour Party play The piece will star Martin Freeman and Sarah Lancashire as Labour MPs with differing priorities. Freeman's theatre credits include Richard III , Kosher Harry and Blue Eyes And Heels.

Predators aren't satisfied with just making Western Conference Final There's a lot of work left, but after this second round there's only four teams left. "It's part of our system", Josi said. They proved that through the first four games of this series, too, with a combined 16 goals against the Ducks.

Notable Stock Analysts Ratings J. C. Penney Company, Inc. (JCP) The closing price represents the final price that a stock is traded for on a trading day. (NYSE:VZ) declined -1.83% to $44.48. COPYRIGHT VIOLATION NOTICE: This piece of content was published by Markets Daily and is the property of of Markets Daily.

Deadly school bus crash in Kenosha Deadly school bus crash in Kenosha The other student passengers were taken to Trevor Fire Department to be picked up by parents or released to school officials. A vehicle and a school bus were involved in an accident in Kenosha County Friday morning, authorities said.