What the Layoffs at Ford’s Medium-Duty Truck Plant Mean

Jon Blogosphere, Economy, Market Commentary

Demand from businesses in the real economy is slumping.
These particular layoffs aren’t happening because consumers are strung out and have trouble getting financing or are switching down to used vehicles or whatever. They’re happening because demand from commercial customers that ply their trade in the real economy is slumping.
Ford announced that it will lay off 130 hourly workers and eliminate one shift from May 8 until the end of September at its Ohio Truck Plant that makes medium-duty F-650 and F-750 trucks. They’re are used by businesses such as…
Dump-truck operators…

This post was published at Wolf Street by Wolf Richter ‘ May 5, 2017.