Ford Motor Company has halted the production of its iconic F-150 pickup trucks at its Kansas City Assembly plant due to a fire at one of its sole-source vendors. Approximately 4,000+ employees were temporarily laid-off through no fault of their own when a fire hit Meridian Lightweight Technologies plant in Easton Rapids, Michigan. The layoffs may extend to other assembly plants affected by a lack of critical components required to assemble the vehicles.
It appears that approximately 2,700 employees were also temporarily idled at the Louisville, Kentucky facility. .
While Ford may pay partial salaries and other assistance may be available, this type of unexpected incident leading to income disruption should serve as a warning for all employees to begin to build a personal emergency fund to help ease any temporary loss of income.
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