Had it working for the auto industry. They don't seem to learn from history. Every 8-10 years, they hire too many then have to go through mass layoffs. It's a cycle and been this way for 30 years. Doesn't management see how this is negatively affecting their ability to hire in the future and the reputation of these companies? People need stable careers and given that they meet the job performance requirements, there should be job security in return. This isn't the case.
5 replies (most recent on top)
It could be worse, like the IT industry, where programmers and sys admins change employers every 2 years.
Ford is unusual as it is a family controlled company. Usually when times get tough with a family controlled company the family members will jump in. Bill Ford jumped in and wisely decided he needed help. They got Alan. Now the family is behind Jim and Elena is a VP.
Greed is on both sides.
Corporations want immediate stock value bumps. And consumers what those 80k SUVs at 0% interest over 8 years regardless of their affordability. New vehicles are sold faster than a healthy pace because of these 0% offers, and the market becomes too saturated. The bubble grows and pops ultimately!
Neither side is content with what they have/can afford.
And don't listen to HR reps as a few of them have posted on this site about such things as "Don't worry, calm your mind" LOL. This coming from a female millennial who has a vested interest in mass layoffs.
They rely on the hope that the laid off will die before they tell their children about how unstable the auto industry really is, so the cycle repeats itself. The next generation, having no first hand experience in mass layoffs fall into the auto industry trap.