Wednesday, January 25, 2006

Ford: "What's more important, your job or our profit margin?"


Dumping 40,000 workers is good for business:

Bloomberg: Ford gained 11 cents to $8.01 in Germany. The second-largest U.S. automaker was projected to post a profit of 1 cent a share, the average estimate of 17 analysts surveyed by Thomson Financial. That's down from 28 cents a year earlier.

The company today announces plans to eliminate jobs and close plants in North America as it tries to stem losses at its largest automotive unit. Ford reports earnings at 7:30 a.m. Detroit time.
Ahem.

Ford Motor Company Reports 2005 Net Income of $2 Billion, Profitable for Third Consecutive Year

PRNewswire
All PRNewswire News

- Third consecutive year of profitability. Full-year net income of $2 billion, or $1.04 per share.

Hm.















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1 Comments:

Blogger Kathleen Callon said...

It also appears they didn't "let go" of any workers in Mexico. I'd wager they'll soon be hiring more employees there, too.

11:55 AM  

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