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To: locogringo who wrote (1125684)	3/20/2019 8:52:50 PM
From: sylvester80	Respond to of 1576997

tRump LOSING: FORD says cutting U.S. salaried jobs, doesn't say how many BUSINESS NEWS MARCH 13, 2019 / 9:04 AM / 7 DAYS AGO reuters.com (Reuters) - Ford Motor Co confirmed on Wednesday it is cutting an unspecified number of U.S. salaried jobs as part of a global reorganization announced last year. Said Deep, a spokesman for the second largest U.S. automaker, declined to say how many jobs are being slashed but said the company expects the process to be completed by the end of June. He said the restructuring “has resulted in some separations of salaried employees and the reassignment of others.” Ford said last year it was working to reorganize its global salaried workforce that will “result in headcount reduction over time, and this will vary based on team and location.” Last month, Ford said it would close its oldest factory in Brazil. It also said it would get out of its heavy commercial truck business in South America, a move that could cost more than 2,700 jobs. Ford has said its global reorganization will involve thousands of jobs and possible plant closures in Europe and result in $11 billion in charges. In January, Ford Chief Executive Officer Jim Hackett told employees that 2018 had been “mediocre” and added it was “time to bury the year (2018) in a deep grave, grieve over what might have been and become super focused on meeting, and, in fact, exceeding this year’s plan.” Automakers are reducing costs amid fears of a slowdown in auto sales. General Motors Co is halting production in five plants in North America and has cut about 8,000 salaried jobs, or 15 percent of its white-collar workforce.

To: locogringo who wrote (1125684)	3/20/2019 8:54:35 PM
From: Heywood40	1 Recommendation Recommended By sylvester80 Read Replies (2) \| Respond to of 1576997

Ford to continue salaried layoffs through spring Breana Noble, Ian Thibodeau and Daniel Howes, The Detroit NewsPublished 5:49 p.m. ET March 13, 2019 \| Updated 10:21 p.m. ET March 13, 2019 The Dearborn automaker is undergoing a worldwide restructuring expected to save the company $25.5 billion in the next few years. (Photo: Detroit News file) Ford Motor Co. is continuing to cut salaried jobs, the company said Wednesday, a process expected to culminate in the second quarter. The Dearborn automaker is undergoing a worldwide restructuring expected to save the company $25.5 billion in the next few years. The company earlier this year began layoffs at its top levels and now is moving deeper into the salaried ranks, accelerating the workforce cuts as departments with more people are affected. The company expects to complete the process in the second quarter. “As we have said, Ford is undergoing a Smart Redesign process that will help us create a more dynamic, agile and empowered workforce, while becoming more fit as a business," Said Deep, Ford North America communications director, said in a statement. "Our redesign will reduce bureaucracy and empower our leaders, enabling us to focus on the most value-added work and ensure we have the right cost structure around the world. This work has resulted in some separations of salaried employees and the reassignment of others." Senior executives have said Ford is looking to flatten the organization by removing layers of management, reducing costs and giving managers more authority to make decisions while favoring lean operations and deciding which skills are needed now and for the future. Deep did not address how many employees would be affected and where. He also did not mention how many workers so far have been laid off, though a source familiar with the process said the current tally of jobs cut so far is in the hundreds. The company will report the cuts at the "appropriate time," Deep said. "We understand this is a challenging time for our team," he said, "but these steps are necessary." David Kudla, chief investment strategist for Mainstay Capital Management, said the automaker is playing catch-up to General Motors Co. and Fiat Chrysler Automobiles NV. "Ford is finally implementing another leg of its cost-cutting plan in the U.S. as salaried jobs cuts get underway," Kudla said in a statement. "Ford's stock price is suffering because investors are unclear as to what the future is at Ford. This is not a surprise and is long overdue." Ford's shares closed down a half-percent to $8.53 on Wednesday while the broader Dow Jones Industrial Average closed up 0.58 percent at 25,703. Ford's shares are down 23 percent over the past year. CEO Jim Hackett recently told employees in an internal memo that 2019 would be the year the 115-year-old automaker turns "the corner toward a really bright future." Global restructuring is expected to cost Ford $11 billion to right-size struggling business units in Europe, South America and China. The automaker in Februaryannounced plans to idle a Brazilian plant and exit the South American commercial truck business as part of an effort to correct the business there. That came a month after the automaker announced plans to cut hourly and salaried positions in Europe, possibly exit a Russian joint venture, and potentially shutter plants in Europe. Meantime, Ford is continuing to negotiate separate partnerships abroad with Volkswagen AG and the Mahindra Group of India. Ford also has said it will redeploy hourly workers to transmission and SUV plants, but no job-cutting actions are expected at U.S. plants represented by the United Auto Workers. The belt-tightening has been a part of the plan Hackett inherited when he arrived in the c-suite in May 2017. The automaker cut 1,400 U.S. salaried workers in 2017 through early retirement and buyout options.

To: locogringo who wrote (1125684)	3/21/2019 4:22:34 AM
From: FJB	1 Recommendation Recommended By locogringo Respond to of 1576997

To: locogringo who wrote (1125684)	3/21/2019 8:38:10 AM
From: sylvester80	Read Replies (1) \| Respond to of 1576997

LOSING! DOW CRASHING... US economy CRASHING & DOWNGRADED & NEVER above 3% even with $1.5TRILLION TAX SCAM... US DEFICIT IS SKYROCKETING (MORE THAN DOUBLE WHAT Obama left it).... High paying high tech jobs are fleeing north of the border to Liberal Canada and away from RACIST SHITHOLE tRump's US... Auto manufacturers closing US plants and laying off US employees... US farmers are LOSING on POS tRump's trade war... ALL Americans are LOSING by paying higher prices for POS tRump trade war tariffs... WELCOME TO tRump's SHITHOLE ECONOMY.... BWHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA.....

To: locogringo who wrote (1125684)	3/21/2019 9:08:23 AM
From: sylvester80	Respond to of 1576997

CORRUPT POS tRump LOSING: Justice Department issues subpoenas in criminal investigation of Boeing By Evan Perez and Shimon Prokupecz, CNN Updated 8:36 AM ET, Thu March 21, 2019 cnn.com PauseMuteMute Current Time0:07 / Duration Time1:55 Loaded: 0% Progress: 0% Fullscreen Now PlayingReport: Pilots raced for... Airbus and Boeing strengthen their duopoly World's largest private jet set for 2018 debut Delta is introducing a jet with a totally new design Flight attendant details perks of the A350-900ULR India's airlines are struggling Airbus A220: A cockpit tour NOW PLAYING Report: Pilots raced for manuals as plane went down What is an aircraft's angle of attack? Ethiopian Airlines CEO: Pilot reported flight control problems Two crashes, 6 months: What to know about the Boeing 737 MAX Airbus to stop making superjumbo A380 See Boeing's autonomous flying car take flight Airbus and Boeing strengthen their duopoly World's largest private jet set for 2018 debut Delta is introducing a jet with a totally new design Flight attendant details perks of the A350-900ULR India's airlines are struggling Airbus A220: A cockpit tour Report: Pilots raced for manuals as plane went down What is an aircraft's angle of attack? Ethiopian Airlines CEO: Pilot reported flight control problems Two crashes, 6 months: What to know about the Boeing 737 MAX Airbus to stop making superjumbo A380 See Boeing's autonomous flying car take flight New York (CNN)US Justice Department prosecutors have issued multiple subpoenas as part of an investigation into Boeing's Federal Aviation Administration certification and marketing of 737 Max planes, sources briefed on the matter told CNN. The criminal investigation, which is in its early stages, began after the October 2018 crash of a 737 Max aircraft operated by Lion Air in Indonesia, the sources said. Transportation Secretary Elaine Chao on Tuesday asked the agency's inspector general to investigate the Max certification. Criminal investigators have sought information from Boeing on safety and certification procedures, including training manuals for pilots, along with how the company marketed the new aircraft, the sources said. It's not yet clear what possible criminal laws could be at issue in the probe. Among the things the investigators are looking into is the process by which Boeing itself certified the plane as safe, and the data it presented the FAA about that self-certification, the sources said. The FBI Seattle office and Justice Department's criminal division in Washington are leading the investigation. A Boeing ( BA) spokesperson referred to a statement the company released earlier in the week, which indicated it "does not respond to or comment on questions concerning legal matters, whether internal, litigation, or governmental inquiries." The safety of the 737 Max has been called into question after it was involved in two fatal crashes in less than five months. Both the crash last October involving the Lion Air jet and the crash last week involving an Ethiopian Airlines jet resulted in the deaths of everyone aboard. The planes were grounded for an indefinite period worldwide after the Ethiopian Airlines crash. Boeing is still building the planes, but it said last week that it would temporarily stop delivering them to airlines while it determines what caused the two crashes. The FAA and others have said data shows similarities between the Lion Air and Ethiopian crashes. The FAA also said Wednesday that Boeing has developed a software patch and pilot training program to address issues with the Max that were identified in the Lion Air crash. The 737 Max jets are by far the most important product for the company. It has orders for nearly 5,000 of the jets, enough to keep production lines operating for years to come. But none of the 371 planes delivered so far can fly until aviation authorities around the world determine they are safe. Boeing spent three days after the crash insisting the plane was safe before conceding that the jets should be grounded out of "an abundance of caution and in order to reassure the flying public of the aircraft's safety." Boeing and the FAA had been insisting that with proper training the pilots could overcome any problems with the safety systems, and that the planes could keep flying while a software upgrade was completed. That upgrade is expected to be available next month. — CNN's David Shortell and Jackie Wattles contributed to this report.