Car companies were rocked by effects of the 2008 recession. GM and Chrysler went bankrupt. But their major American competitor, Ford, did not. Chairman Bill Ford credits their employees for making the difference.
He recently said, "“Why didn’t we go bankrupt? Well, you could say we made certain good decisions, but it was our employees. They would not let us.”
“Our people were working, Saturdays, Sundays, until 1-2 a.m. in the morning, no extra pay, in fact not even sure they were going to have a job the next morning. In fact, some of them didn’t have jobs the next morning. But they were willing to do whatever it took to pull us through,” he said.
"Ford said that it was truly “awesome” to be able to hire most of those people back after it paid off its debt."
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