Business Services Industry
Ford, Parts Supplier to Cut Pay Rate for Contract Labor.
Knight Ridder/Tribune Business News, November, 2001
By Jeffrey McCracken, Detroit Free Press Knight Ridder/Tribune Business News
Nov. 7--Visteon Corp., the largest parts supplier to Ford Motor Co., has followed the lead of its former owner and cut by 7 percent the rate it pays contract labor firms. Contract laborers, who work at Ford and Visteon but are employed by outside firms, handle everything from clerical work to engineering.
Like Ford, Visteon is leaving it up to the contract labor firms to decide how they will account for the sudden rate cut. The firms will likely react by cutting jobs, pay or benefits. One of the firms, Farmington Hills-based Manpower Metro Detroit Inc., will not pass on the rate cut to workers for the time being.
Ford announced a similar 7-percent cut to its...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
