Ford has declared sharp decrease in manufacture at factories in Northern America.
American motorcar giant Ford Motor Co. has informed today, that volume of manufacture in 4th quarter of 2006 in Northern America will decrease on 21% in comparison with this indication for the same period of the last year. Thus, last 3 months of current year the company will let out on realization on 168 thousand cars less, than year earlier. The volume of manufacture on results of 3rd quarter will decrease on 20 thousand cars in comparison with the same period of 2005. On results of 2006 the volume of manufacture of Ford will decrease on 9% in annual calculation, informs Associated Press.
“This is heavy decision which will affect our employees and suppliers negatively. On the other hand, it is unique a true step from the point of view of long-term prospects”, - the general director of concern Bill Ford has declared.
Earlier in some American mass-media there was information that on a background of chronic losses of Ford also has made a decision on the further reductions of the personnel: nearby 6 thousand persons, mainly management will lose the workplaces in the near future. It will allow Ford to cut down expenses on the salary to employees for 10-30%.
On July, 20th 2006 Ford Motor has unpleasantly surprised investors, having informed about quarter losses, that the majority of analysts predicted profit. And in 2 weeks the company has recognized, that the size of losses has appeared almost in 2 times more, than has been specified in the financial report - 254 million dollars, or 14 cents in recalculation one stock, instead of 123 million dollars, or 7 cents on the stock. Thus the sales volume was reduced to 7% in annual calculation, and proceeds - on 6%. Ford has explained revision of parameters by increase in annual charges on reduction of pensions: instead of the dollars planned 1 billion the corresponding program will cost the companies 1.2 billion dollars.
In the last half of a year Ford has closed 14 automobile factories and than 30 thousand employees has been dismissed in Northern America within the limits of the scale of plan of re-structuring which has been accepted in the end of 2005.
August 20th, 2007 at 11:40 am
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