Wednesday, June 14, 2006

Ford Has A Better Idea: Screw America

Disgruntled employee reveals plans for multibillion dollar Mexico investment
The investment is included in a confidential, 28-page document turned over to The Oakland Press by a disgruntled Ford employee. The fax included a note saying: "Governors and others who want to get work in their states are courting us. We have no intention or plans of give (sic) them work."

A second source familiar with Ford operations vouched for the authenticity of the documents, which suggest the automaker's new investment could potentially create as many as 150,000 new jobs in Mexico within the next decade.

As part of the Way Forward restructuring initiative, Ford announced plans to close six plants by the end of 2008. In addition, Ford also announced that nine more plants in the United States and Canada could close by 2012 and the effort to pare the company's capacity will lead to the elimination of between 25,000 and 30,000 jobs by 2012.

The Way Forward document, part of which was prepared for a presentation in early April to officials from the Mexican government, also states Ford's investment in Mexico could total $9.2 billion over a six-year period stretching from 2006 to 2012.


Full Article, and many thanks, to Michigan's Oakland Press