Tuesday, January 11, 2011

Ford Company

Link: http://money.cnn.com/2011/01/10/news/companies/ford_adding_7000_jobs/index.htm?cnn=yes

Ford is a well known car company that has a great impact on the world. Because of the recession, more than 10,000 employees were fired. Ford was losing a lot of money and they were in a bad position.

-In 2000, Ford had more than 150,000 employees.

-In 2007, Ford had about 76,000 employees.

-At the end of 2010, Ford had less than 65,000 employees.

So, by the numbers of employees shown above, we know that Ford has a lot to look at.

Ford spent a few months and came up with new ideas. They are making brand new 13 cars, hiring 7,000 workers, opening 2,500 new factories, and even in the next five years they might add an additional global market share. Not only 7,000 workers but also Ford is adding nearly 4,000 hourly jobs.

Ford is improving by the results, but when will all of this happen?

-13 new cars: They didn’t yet announce the time.

-hiring 7,000 workers: By the end of 2012

-opening 2,500 new factories: next year (2012)

By the effort of Ford U.S market sales were up by 20% just in the last 2 years!

2 comments:

  1. yes the recession which took place at 2007 affected GM (FORD), and the situation is getting better but at a slow rate, so I have to agree with you waeil.

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  2. The growth driver of the 20% increase in the last two years was coming from the change in the concept, that means they are looking at their competition closely and redesigning with innovative design.

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