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Old 16-10-2008, 12:16 PM   #1
DJR-351
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Default Ford Sackings

Ford Australia have announced the sacking of 500 workers today.....

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Old 16-10-2008, 12:19 PM   #2
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Ford did or you did?
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Old 16-10-2008, 12:23 PM   #3
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Quote:
Originally Posted by Polyal
Ford did or you did?
Was on Channel nine news 5 mins ago.....
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Old 16-10-2008, 01:19 PM   #4
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Quote:
Originally Posted by XA351COUPE
Ford Australia have announced the sacking of 500 workers today.....
I didn't think they had 500 workers left to sack.

Soon they will have 3 workers left at the assembly line making 1 Falcon a month from 100% Chinese parts.

But of course they will hire 2000 extra accountants and marketing gurus to come up with ways to increase profits..................
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Old 16-10-2008, 01:30 PM   #5
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Quote:
Originally Posted by sleekism
But of course they will hire 2000 extra accountants and marketing gurus to come up with ways to increase profits..................
I think they need to hire crisis management or recovery accountants quick smart.......

FoMoCo looks set to have major liquidity issues during 2009; their US strategy is failing and they are now selling off their "star performance" brands in order to create some form of working capital for the core Ford brand; they can't raise any more equity funding as their shares are close to junk status; the cost of debt funding has blown out and I doubt they will have much luck with the banks either.

Last rumour from Japan was that FoMoCo will sell their 34% stake in Mazda; I wouldnt be suprised if Volvo is next.
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Old 16-10-2008, 01:31 PM   #6
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Id be getting rid of Volvo first! Mazda is on a roll.

I thought these sackings where old news. What did everyone expect?
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Old 16-10-2008, 02:13 PM   #7
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Quote:
Originally Posted by Polyal
Id be getting rid of Volvo first! Mazda is on a roll.

I thought these sackings where old news. What did everyone expect?
First time i have seen it on the National News......

But then i dont spend to much time with my finger on the Ford pulse anymore, it feels a little irregular of late........ :
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