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Ford halts activity again due to the pandemic

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Miguel A. Rodriguez
Miguel A. Rodriguez
14 settembre 2020
Covid-19 seems to be a recurrent problem for Ford.

Production doesn’t seem to be Ford’s strong point this week. Since the beginning of the week, two newly reopened factories closed after some employees were tested positive for Covid-19 infection. 

The plant that builds the Ford Explored, the Lincoln Aviator, and the Ford Interceptor police car, located in Chicago, ended its activity Tuesday, while the one in Michigan closed yesterday. They closed again after a production suspension of two months. Both plants resumed their operations on Wednesday morning, and night, respectively.

Since the opening, Ford screens its employees' body temperature and tests them when they show symptoms. Ford's spokesperson stated that the company took immediate measures to prevent the virus from spreading: "When two employees who returned to work this week tested positive for Covid-19, we immediately notified people known to have been in close contact with the infected individuals and asked them to self-quarantine for 14 days." Moreover, "we also deep cleaned and disinfected the work area, equipment, team area, and the path that the team member took." But according to some workers, things are not as rosy and as well organized as the management says. After Ford released a video with the updates made to assure a safe working environment, irregularities surfaced. Workers have to clean everything by themselves; the social distance doesn't apply, so the working spaces are crowded.

But the health issues are not the only problem. The Chicago plant suspended its activity yesterday afternoon due to a shortage of parts. The parts provider, Lear, suspended its factory also after one employee was tested positive.

Ford stock lost 41% of its value since the beginning of the year, while USA500 and USA30 lost 8% and 13%, respectively.  

Sources: edition.cnn.com, marketwatch.com, cbsnews.com


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Miguel A. Rodriguez
Miguel A. Rodriguez
financial_writer

Miguel ha lavorato per importanti istituzioni finanziarie, come Banco Santander e Banco Central-Hispano. È autore di libri sul trading di valuta con diverse pubblicazioni alle spalle.