Thread regarding Ford layoffs

The only issue is if you take the buyout, who is hiring in automotive?

Who knows how the take rate for voluntary separation will impact involuntary separations. We were told at the end of 2018 that the number of people who took the PRP plan had been greater than expected and involuntary separations wouldn't be needed. Then came SRD.

I am not sure that they will find 1000 to take 9 months of salary to resign. If they included 6-9 months of insurance, I bet more people would give it consideration. My gut feel is that if the voluntary package is this bad, next years' involuntary packages are going to be equally bad.

Also glad they continued to hire after SRD. If they keep eliminating senior employees and hiring recent college grads they’ll have a day care center. It’s great that they hire inexperienced people too but high performing teams really need a better balance of experience.

I'm so glad Ford hired all those high priced consultants to advise on SRD. They did such a good job of consulting that the company has to do another round of layoffs a year later.

Agreed. VIP capped at 1,000 seems tiny!

1000 must be how many takers they expect for voluntary.
Maybe they meant 10000 in total with involuntary early next year?

I can come up with 60 dead weights in my department alone. Somehow the dead weights will remain though.

Another year, another layoff announcement. People get on edge for about three months, then it comes and they get rid of old timers but say it's a distribution. Then the automotive companies complain they can't attract new talent. Well, not too many people are interested to work for a loser, people want to work for a winner.

Wake up people. The C suite execs and the family do not care one ounce about you. We are nothing but a heard of cattle to them. Expendable.

@npr But it was just so..... Smart.....

Well, voluntaries this year likely means SRD round two next year. Not a surprise, as I recall in 2019 saying that the SRD plan was multi year...and that was before covid.

The number of VIP capped at 1,000 - seems rather small. If aimed at GSR’s, would met maybe 200 million at most; not enough. My guess, and it is only a guess, is that this time the VIP willed aimed at manger layers L5 and up exclusively, which might mean near half a billon savings with the right mix. Much better result. Plus would stream line efficiency. Also makes sense as in my area I see the management work feverishly on all sorts of special projects gather data and stats, trying to justify their kingdoms....

Well, I have 20 plus years in bug not management, and wife lost her job in 2019 then her new business to covid in 2020.....so no voluntary for me. Will instead start getting skilled up and updating resume instead of taking on more work. Might just retire next year instead and go out on my terms instead of being booted; the thought of getting 9 months pay severance is intriguing, if they offered the same VIP package as they did in 2018, I just might think about it.....though someone in another posting said that was not part of the deal this year.

Hold on to your buts people this is not going to be good.

Shows that the redesign was a complete failure of they have to cut more heads.

This is a fluid situation depending on the loss associated with covid 19. It is not a good situation. Sit tight and try to see positive aspects in our lives. This has been a sh– storm wee did not need🥴

"The North American cuts are expected to be smaller and come in the form of voluntary buyouts, Bloomberg News reported. The new cuts are expected to be in addition to 2,300 previously announced salaried job reductions in the U.S. during Hackett’s tenure".