Ford Lays Off 30 Executives In Philippines
December 9, 2008 by Tsikot
The Philippine branch of Ford Motor Co. (F) has fired 30 executives in a cost-cutting measure in the face of the global financial turmoil, a company official was quoted as saying Monday.
Ford Philippines group president Rick Baker was quoted in the Manila Standard newspaper as saying the job cuts, which include three vice-presidents, were equivalent of 15% of the company’s corporate workforce in the Philippines.
The move affects both Ford Philippines and its affiliate Mazda Philippines, the newspaper said.
Ford and Mazda will save between PHP5 million and PHP7 million (between $102, 400 and $143,560) a year through the retrenchment, said Baker.
“We are implementing this realignment to have a much leaner and efficient workforce,” Baker was quoted as saying.
Executives of Ford Philippines also will now share responsibilities with the Mazda affiliate, the report said.
Officials of Ford Philippines couldn’t be reached for comment.
The U.S. car company, along with General Motors Corp. and Chrysler, are pleading with Washington lawmakers for a bailout package worth billions of dollars to save them from bankruptcy.
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thats right na mag layoff muna yung mga executives ng Ford Philippines but wag naman yung mga assemblers na pinoy sa Sta.Rosa Laguna!!!!!!!!!!!!
pare, gusto ko palitan ang bumper ng aking toyota corola 95 model(big body) version, kase hindi na maganda tingnan..san ba ako pwede makabili ng bago non..plase elp lang..thanks
manny
pare kung may alam kang pwede kong bilhan..just email me on salazarma@hotmail.com...
thanks uli
manny
dapat magsara na yan ford philippines kasi ang mahal ng mga kotse nila hindi kaya ng masang pilipino.hindi din necessesity.unahin pa ba ng tao bumili ng luxury car kaysa pagkain.