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December 08, 2005
Ford to GM: Me Too!!
According to the Boston Globe, bad strategy and thinking inside the box catch up with Ford:
"Ford Motor Co. is reportedly considering the elimination of 30,000 salaried jobs and the closing of 10 North American factories. The news follows colossal job cuts and plant closings disclosed last month by General Motors Corp.
Both companies are hamstrung by costly health and pension benefits, excess production capability, increasing foreign competition, and reliance over the past decade on highly profitable SUV and pickup truck sales, which have been slumping because of rising gas prices."
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Tracked on January 29, 2006 02:33 PM
