By now I'm sure that you've heard that Ford will cut 30,000 jobs and close 14 plants as they try to get their mojo back. I am a proud owner of several Ford cars and will continue to buy their products during what they are calling "Way Forward". Good to see their earnings were up this past quarter, as well as today's stock price.
What worries me is the impact on the supply chain. While 30,000 employee cuts is nothing to sneeze at, it will also be a devastating shock through their supply base. Less factories will undoubtedly mean less parts...and less suppliers. Look for the ripple effect on supplier layoffs also, as well as the impact in the community where the plants will be closing.
