We're getting mixed signals from Ford. One week ago the automaker announced it was distributing bonuses to every single one of its salaried and hourly workers, just to say thanks for helping the company reduce costs, improve quality and reduce the ranks. Today we learn that Ford President of the Americas Mark Fields has told his workforce in a weekly webcast that the company earned poor marks on its own internal report card. The poor marks resulted from missing sales targets and not cutting material costs enough in February. We were under the impression that successful cost cutting was one of the reasons for paying out at least $36 million dollars in bonuses to its workers.
[Source: Autoblog via Detroit Free Press]
http://www.autoblog.com/2007/03/15/ford-earns-poor-marks-on-own-internal-report-card/
Thursday, March 15, 2007
Ford earns poor marks on its own internal report card
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