Ford Makes Its Way to the Front Line

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 dealersbelieve 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, Mulallyshould be please that his hard work and big risksare 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.