This market environment is getting really scary. The company better get out in front of this one. No telling where this one ends.
Topics regarding layoffs at Ford
He said industry observers would like to see Farley consider the following actions: Get out of Europe, The Middle East, and South America Extricate from China and the rest of Asia Solidify and rebuild market share in North America Secure a... — read more
“I am literally stunned beyond belief. In my wildest nightmares I never imagined that what Farley would present would essentially be what Hackett has been presenting now for almost two years.” We are doomed.
It was below 10% in March when SRDs were announced
Just checked – 30.21B Market Cap vs 154.6B
So, Ford wants to be only in high margin businesses, eliminating entry level cars from its products, and instead spending capital like drunken sailors on “Smart Mobility.” From all the news I can find, the “FordX” group has wasted $Billions on these... — read more
So who's buying, closed @ 7.57
"Ford's challenges are structurally and strategically deep. Its competitive strategy leaves too much in doubt and fails to show how to break through the vortex of forces buffeting the industry." Marick Masters
EPE used to be one of the desireable areas to be, lots of people from TDE., RIC and PDC came to EPE in last few years . Recently people have started to leave EPE, not many got SRD’d last year, is there SRD 2 planned for EPE this year?
Anyone hearing anything re Credit? Layoffs?
Anyone have opinions on the GDIA group? I hear that parts of the organization are hiring their own people to do work that would traditionally be scoped to GDIA? Thoughts? Comments?
Copied from older PRP discussion below but posted Feb 18. Could this possibly be for real? "Sr HR contact said an offer is in the works similar to 18 but with a premium (dont know what that means) if the employee accepts and agrees to the lump sum... — read more
Well, it looks like there's at least one person in the company that must be very glad Joe Hinrichs is gone! An additional $2 million, not bad for someone who has the same delivery track record as Hackett, and seems almost as unanimously hated by the... — read more
During the great recession many LL4's and higher received retention bonuses in exchange for committing to stay with the company. If it all goes bad watch for it to happen again
I am curious what the bonus ranges look like for LL5 and above. They publish the GSR and LL6 amounts but have heard from many that the bonus amounts for LL4's especially is absurdly high - can't imagine what they are for LL3/LL2. I'm not... — read more
Can an LL6 spite a quitting employee by putting negative marks on their record?
Oh how I wish for a one question pole of active and recently retired or SRD'd employees. Dump the pulse feel good questions completely and ask, "on a scale of 1-10 (10 being best) please rate the performance and competence of CEO Jim Hackact over... — read more
I noticed that there are some cliques of supervisors and managers who will be your enemy if you do not talk and walk like them.
I would like to know if anyone has gone back as agency or purchased service since being let go via SIRP from the LL6 ranks? Do you know anyone who has gone back?
This company is sinking and sinking fast. Are they trying to lower the stock price to be bought out? The actions make no sense if they are trying to remain strong and independent.
There is no way on any planet that it makes sense Mr Hinrichs leaving Ford, on his own. He is not the guy who should be leaving. To say that Ford has a deep bench without him, is a clear miss because Mr Hinrichs was that deep bench. Rarely do you... — read more
Post SRD there has been a trickle of people disappearing from our department. All but one have been long time older employees. Two had recently had health issues and missed a lot of work. One we were told was behavioral related. The others no clue... — read more
I'm assuming there wont be any volunteer buy-outs. Does anyone have info on possible PRP's being offered this year?
Hello, I know a handful of FCGs who left Ford after their FCG rotations for a company like Amazon or IBM. During their time, Ford paid for their master's degree and other certifications. As a soon-to-be graduate, is Ford a good place to start... — read more
The Ford Credit building (the huge two story building adjacent to the World Headquarters in Dearborn) was filled with perfectly functional high walled cubicles. Jimbo decides to replace them with open office space with four to eight people crammed... — read more
Anyone else ever heard this. Truth or Myth?
Was planning on retiring this year anyway - hoping to hear of PRP or the one where they paid you 6 or 9 months. Since all of this news broke last week with the earnings and Henricks getting sacked I may just go in Monday and submit my papers online... — read more
I feel like there will be a mad dash of exits soon.
With all of the financials wheels falling off the cart at Ford it should be about the right time to offer the PRP. With a little luck they offer it don't get the #'s they need and sweeten the offer as they did in 18' when they rolled the "Enhanced... — read more
https://www.wheelsjoint.com/global-car-sales-hit-the-brakes-mass-layoffs-by-nissan-and-ford/ Can this source be trusted?
The Autoextremist must be pretty riled up to post twice in one week... http://www.autoextremist.com/current/2020/2/3/fords-highway-to-hell.html
This is the beginning of the end.