Ford Debacle Derails Make in India Plans: Socio Economic Impacts
Published: 2022
Author(s) Name: L. R. K. Krishnan and S. Poorani |
Author(s) Affiliation: VIT Business School, Chennai, India
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Abstract
Ford India operations ended up
losing roughly two billion dollars
due to lack of demand and sales.
The pandemic has placed the company
on the back foot, unprecedented
failures and affecting the
livelihoods of employees. The shutdown
of the companys Indian wing
will reduce up to 4,000 factory
jobs, with over 2,600 regular employees
and around 1,000 contract
workers. The shutdown will also
affect auxiliary companies that sell
minor components and parts to
Ford. Data were collected from
workers, union leaders, union
members, dealers, customers, and
management to understand the issues
faced by Ford. Indian operations
were typically marginal and
vulnerable to significant economic
shifts; export was a face-saver.
The study attempts to present the
impact of the closure on the socioeconomic
conditions of workers.
Keywords: N.A.
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