Plant Closings, Job Cuts Loom at Ford
Very bad news for employees of the U.S.'s #2 Automaker. Today, Forbes is reporting that Ford may soon close plants and lay off thousands of workers.
Another reporting agency is stating that the bad news will be officially announced on Monday: 10 plants will close and 25,000 layoffs
So, the next time you hear the talking heads on TV spouting off the typical: "U.S. Job growth figures look great this month, as we've added x-thousands of jobs" You can rest assure the #'s are skewed and the jobs that have been added are low paying service sector jobs--not decent, good paying jobs like the auto industry. Do we expect Wal-mart or McDonalds to absorb these 25,000 Ford job losses?
As I've stated before: The US is quickly moving towards a service-based, consumer nation and we are living far beyond our means--from both a personal and government perspective.
Question: How can the US expect to compete in the global marketplace when foreign entities pay cents on the dollar for wages and rarely care about health care and/or worker benefits?
Answer: WE CAN’T… and the problems, bankruptcies, plant closings, layoffs, etc, will only get worse!
See next link for good articles/discussions concerning the loss of American industries.