Looks like cutting jobs has helped. Ford, the world's number three automaker, has announced significant profits for the quarter just ended. Because of the weak economy, many observers doubted Ford's ability to turn any profit at all. However, despite the economy (and the doubts), Ford brought in $100 million in earnings, instead of the loss Wall Street had predicted.
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Since 2005, Ford has cut approximately 40,000 jobs, and according to Alan Mulally, Fords' chief executive, there will be more "targeted job losses to come." For those who remain, schedules may change depending on the demand for vehicles. Less demand will generally mean "reduced time" for employees.
"Plant by plant and vehicle by vehicle, we will size that production capacity to that demand," said Mulally.
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