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Ford is the second largest auto maker in America
Ford Prepares for Mass Layoffs After Losing $1 Billion to Trump's Trade Tariffs | Fortune
Ford is having a bad year in 2018. Its stock is down 29%, and the tariffs imposed by President Trump have reportedly cost the company $1 billion, as the company is in the midst of a reorganization. Now, the company is announcing layoffs.
While reports have indicated that the job cuts are likely to come early next year, The Kansas City Star reported Tuesday that Ford has temporarily halted production of transit vans in Claycomo, Mo. The move is intended to build up Ford’s inventories of the vans, but it will leave 2,000 workers idle between Oct. 22 and Nov. 4.
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