Ford is once again helping the economy by increasing the number of jobs available in Michigan. In order to help the numbers of unemployed and increase Ford's productivity, the company is using funds created from its increasing stocks and state tax incentives to facilitate this expansion.
"Ford Motor company said it will create up to 1,200 jobs in the distressed state of Michigan as it ramps up its engineering and manufacturing operations to produce more fuel-efficient cars".
Of the 1200 jobs being created, 900 of them will be hourly jobs with the rest being "salaried positions in the engineering and manufacturing operations." They all however will be full-time jobs.
This is a good start for the state of Michigan and hopefully many other firms follow!
3 comments:
There is no denying the Michigan population has experienced harsher times during this recession than most areas around the United States. It is well known Michigan needs companies to invest in its infrastructure and work force. The 900 full-time hourly jobs will benefit those people who have been out of work for sometime and desperately need to start gaining income. Hopefully, this increased income will subsequently benefit the economy in forms of consumption or investment.
This is awesome for the company of Ford and the state of Michigan. They really need this and have experienced some really hard time in the past few years with the auto companies really taking a hit in this recession. I like the idea that Ford is using funds from there stock to create this expansion. There stock has grow significantly over the past year. At one time ford's stock was around $1 a share. Now it is trading at about $14 a share. So, Ford has come along way and I think they will keep heading in the right direction.
Hopefully they can continue to grow, and keep coming up with new positions. I was wondering if they were doing well because of the struggling economy, maybe more people are switching to cheaper cars. As the economy improves we will see if people still want to buy their cars..
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