Ford to Fire
Ford Motor Company has decided to offer buyout packages to salaried employees in hopes it can retake about 1,000 jobs. The company has made this change in hopes of making their profit goals a reality. This move comes only days after the release of information that showed a very slow first quarter for the automobile industry and only a week after GM's announcement that it too may cut jobs and production. Domestic companies are facing extreme pressure from foreign automobile firms to improve quality and lower price. These pressures are leading to management decisions that may hurt the entire economy.