The tone of this Detroit News article is so upbeat! This is wonderful news!
38,000 hourly Ford workers see the writing on the wall and are deserting the sinking ship. Of course Ford is more than happy to see them go. Now they can hire temporary and part-time workers at just over half the salary and pay no benefits or pensions!
This move promises to boost the company's bottomline as rapidly as it destroys Ford's already legendary poor vehicle quality (F-O-R-D = Fixed Or Repaired Daily or Found On the Road Dead), and will bolster rising Japanese automakers in their quest to dominate the North American market.
Many overpaid autoworkers will now look for work in a dismal domestic labor market while others who took the 4-year tuition option will go to college and exit four years from now with even fewer domestic jobs available.
Wall Street is thrilled! Ford is ecstatic! Workers are overjoyed! Japanese automakers are celebrating!
Hopefully some of these newly freed blue collar workers will become entrepreneurs. Here is a hot idea for a new business: relocating laid-off US workers to India. The US jobs are going there and to China anyway, and unlike China, Indians already speak English. Workers should go where the jobs are, right? I offer this advice to any enterprising former Ford employees free of charge.