Not only has the economy put financial constraints on car buyers, but
those working at the Big Three have also been hurt by tough times.
Popular benefits at Ford and others have been cut back or have been
suspended completely. Luckily, signs that the economy is improving is
evident in the reinstating of many of these employee programs.
Last week, Ford
reinstated raises, 401(k) matching, and tuition assistance,
for employees. These steps were a direct result of the successful
reorganization initiatives that were intended to help the company move
back into the black after a tumultuous year.
While reorganization efforts are still underway at Ford, the company
will be reinstating 401(k) matches as of January 1, for up to 5% base
pay. In addition, the tuition assistance program will be reinstated for
salaried employees for classes on or after March 1. Knoxville Ford dealers believe these are all indications that for is back on
track and will continue to grow as we move into 2010
In 2006, raises based on merit and other benefits were cut to curb
costs. Around the same time, Ford faced steep financial losses and was
forced to close manufacturing facilities and cut jobs. Despite the
hardships that Ford and its employees have endured, Mulally should be please that his hard work and big risks are paying off.
To see first hand how the latest Ford cars and trucks are shaping up
against the competition, check out new car comparisons on Dealer TV
from a Olive Branch Ford dealership website.
I am a writer for TK
Carsites, an automotive website design and marketing firm in Orange,
CA, that specializes in car dealer marketing and working with car
dealers nationwide.
