What the Layoffs at Ford’s Medium-Duty Truck Plant Mean

Source: Wolf Street

Demand from businesses in the real economy is slumping.

These particular layoffs aren’t happening because consumers are strung out and have trouble getting financing or are switching down to used vehicles or whatever. They’re happening because demand from commercial customers that ply their trade in the real economy is slumping.

Ford announced that it will lay off 130 hourly workers and eliminate one shift from May 8 until the end of September at its Ohio Truck Plant that makes medium-duty F-650 and F-750 trucks. They’re are used by businesses such as…

Dump-truck operators…

Companies that operate cargo box trucks…

Companies that need boom and bucket trucks, such as utilities…

These trucks are used by construction contractors, oil field companies, and myriad of other types of businesses that ply their trade in the real economy.

The F-Series medium-duty class 6 and class 7 trucks – just below the class 8 trucks you see hauling trailers across the country – are among Ford’s more profitable product lines.

Read More Here: What the Layoffs at Ford’s Medium-Duty Truck Plant Mean | Wolf Street



Categories: Financial/Societal Collapse and Dependence

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