Thread regarding Ford layoffs

Voluntary packages

Do you think that Ford will again offer early retirement packages to employees who qualify in the foreseeable future before major layoffs? I think it was a great thing, but a friend of mine thinks that in case of next big cuts Ford will no longer offer any voluntary packages ( This is just speculation )
Any thoughts?

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Post ID: @OP+1ay8sJ3O

10 replies (most recent on top)

Some divisions are going to become dinosaurs like Automatic Transmissions, after launching 6 new boxes (3 8 Speed FWD and 3 10 Speed RWD) there are no plans for new developments. Departments have been decimated. the same goes for the mechanics and technicians that were employed to build prototypes. Engine division may be going through the same situation since there are no new FWD vehicle in the the pipeline and most of development investment is going to EV. Calibration Division is affected too as well as the sister Engineering Divisions in England and Germany. Hence no future ICE FWD vehicles with Auto Trans, there is also a need to reduced headcount not only in engineering but also in Purchasing, PTME, Roush Services, due to FWD vehicles.
Even Research and Development may get a hit since suppliers like Scheffler, Borg Warner, JTek, EFI, etc. are light years in Applied R&D with products ready to hit the market while Ford is still penny pinching resources to develop technology in house that is more expensive and less reliable that the one from Ford's supply base.
HR model requires 7% headcount reduction in divisions w/o new programs in the pipeline, Any group w/o any future development will see that % reduction being implemented. That was the metric used in 2020 to set up headcount reduction.

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Post ID: @5dpc+1ay8sJ3O

@3nuf+1ay8sJ3O only people with financial analysis skills of a toddler would swallow the quarterly report hook line and sinker. Funny how Wall Street has been able to see thru the smoke for quite some time now.

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Post ID: @3ykh+1ay8sJ3O

I hate to be a nay-sayer but profits do not prevent layoffs at Ford. Of course it’s more likely there will be head count reductions if they are losing money but it still happens in profitable times. I remember how horrible I felt giving people their bonus amount and fielding questions about SRD. It seemed like such a contradiction. When people asked why Ford was eliminating people when we were so profitable I didn’t have an answer. In fact I had the same question. In hind sight SRD appeared to be about reducing long term pension obligations instead of a responses to losses. There seems to be one thing we can rely on; no matter where you work job security is a thing of the past.

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Post ID: @3fvr+1ay8sJ3O

Post ID: @2zkq+1ay8sJ3O
No sinking ship. Ford just posted a profit of $3B and EBIT of 12.8%.
I'm sure you don't work for the company but if you do, please do the rest of us a favor and leave.

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Post ID: @3nuf+1ay8sJ3O

If they offer another one then I am now in a position to take it. I will jump off this sinking ship in a nanosecond!

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Post ID: @2zkq+1ay8sJ3O

The voluntary and involuntary packages were mostly similar but the voluntary had more perks. You got to work part time toward the end and if you had a management lease vehicle you got to keep it for almost 10 months after you retired. Also, in the last go round, a person with 16 or 17 years seniority would get 9 months pay if they took voluntary and only 5 months pay for involuntary.

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Post ID: @1rbx+1ay8sJ3O

How many times a month doe this question have to be posted?
What next, what does an LL5 make?
What does a LL4 make?
How many hours a week does and LL5 work?

What is wrong with some of these posters!

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Post ID: @1srp+1ay8sJ3O

Haven't the salaried involuntary packages been roughly equivalent to the voluntary separation packages? If that's the case, then I don't see a big issue with first offering voluntary (and only accept if you want to get rid of that person) and then follow up with an involuntary round.

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Post ID: @1tfy+1ay8sJ3O

Farley would be wise to discontinue voluntary packages, and make it clear there will be no more voluntary packages ever. There are large portion of employees sitting and doing nothing as they feel they are entitled to voluntary package.

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Post ID: @1hoq+1ay8sJ3O

In the past they have offered voluntary packages before involuntary layoffs but it’s a different world now. After the last voluntary offers we were told they had more takers than were needed and they still walked people out. It’s all speculation.

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Post ID: @lfr+1ay8sJ3O

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