Tuesday, February 27, 2007

Goodbye Ford for Thousands?

Feb 28 is the day not just being watched in Dearborn or at Wall Street, but across the world.Every analyst worth his salt expects some major announcement on this day regarding restructuring of Ford under CEO Alan Mulally. It is also the last day for possibly thousands of Ford employees, who opted for the buyout package for which they had Feb 19th to sign up. The management will possibly also try to portray the 'new Ford' or whatever, it sure will be a painful new day for many of Ford's long time employees.While the analysts world over focus on the market movements and meltdowns, folks in Dearborn and elsewhere near Ford's plants are possibly least bothered, with Ford its rock bottom share value has possibly nothing more to loose at Wall Street, but lot of human capital to be lost at the plants.What a shame!
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