Ford staged a "fitness"

22 May 2019

As a result of reorganization of Ford Motor Co. around the world will cut 7,000 workers

CEO of Ford Motor Company Jim Hackett announced the coming of the last phase of the layoffs of the staff of the company. So, by September of this year will be reduced by 7,000 salaried workers in all the world branches out of a total of 199 000 workers, i.e. nearly 10% of all staff employed. This is expected to save $600 million a year. This number includes downsized and gone on their own, and fired, and also reduce the vacant positions that will be eliminated. According to Automotive News, of this number, 800 would be fired in the United States.
Jim Hackett is the head of Ford Motor Co. from may 2017. Then global sales of the company amounted to 6,607 million cars, but in 2018 it dipped to 5,982 million In early 2019, the growth, for example, on the commercial vehicles market in the US and in Europe. A similar situation occurs with the company's shares: immediately after the change of the head of Ford Motor in 2017, they declined, and in 2019, gradually began to recover.
According to the Hackett plan for the improvement of Ford Motor be used as a business restructuring for optimizing the operations of the companies and the simplification of management structure, adjustment of the global model range with a focus on more running crossovers, SUVs and pickups, displacing (for example, at the beginning of the year in the United States discontinued production of North American version of the Focus, and in Brazil the Fiesta), as well as increasingly widespread adoption of electric and other innovations. Of course, the plan envisages the reduction of personnel in different countries, including head of the subsidiaries in the United States. However, almost by the same "healthy" patterns is valid and arch – rival General Motors.

The most important role in the future of the Ford Motor Company should play a fresh Alliance with Volkswagen AG for the joint development of commercial vans and midsize pickup trucks, which was announced in January of this year.
  

CEO of both automakers – Jim Hackett and Herbert Diess confirmed their Alliance with a handshake

The reduction of production capacity in South America and Europe (including Rossio) should save the concern to $25.5 billion, and most importantly to increase profit margins to 8% (last year was 4.4 per cent). Their plans the leadership of the group calls "intelligent redesign" and "fitness Ford".
However, despite the reduced costs of promising projects Ford is not going anywhere. So, in January Hackett announced for the next 24 months presentation of over 20 new or updated models of the Ford and Lincoln brands in North America that will upgrade the model range by 75%. In China in 2019 will be more than a dozen of the Prime Minister, and by 2021-mu – more than 30. In the European market "Ford" cars from the market will not go away (in 20 countries in Europe there are 72% of passenger cars brands Ford), but its first place in the market of light commercial vehicles the American brand intends to keep in any case. So, in the first quarter of its sales in the European LCV segment 20 traditional European markets increased by 0.4 percentage points to 14.5% to 359,4 thousand