VSSP offered again, similar to the offer 2 years ago.
This time it is not company wide, only offered to "select departments".
Any guesses which departments?
IT would be at the top of my list.
19 replies (most recent on top)
It is likely the best buyout offer you will see. Going forwards the offers will be much less. It is not like people are entitled to a lucrative buyout, or a cushy do nothing job. So either take the offer or not, but don’t complain about the size of the offer. Yes the greedy people at the top have arranged things so they always get a lucrative buyout, but the days of the minions getting nice buyouts is over.
3wxl+1bPAiFDT
I think they're setting the standards really low for what'll be used for involuntaries, since nobody would take this pitiful buyout package unless they were already running for the door.
I really have to wonder how many of the Millenials, especially younger people, who see more than 3-4 years on a single job as a stalled out career path are going to take the whopping one month of severance to do what they probably were likely to do anyways.
Well IT here got the offer. Guess I better get resume ready
My Ford HR friend (we went to high school together), tells me that they are hoping for a LOT of takers based on their own "research".
As to whether pay is the main reason for involuntary - IT IS NOW. Although "position not needed" was a major criteria for SRD in 2019 (along with pay I may add), but this time around, pay is going to be the ONLY reason for involuntaries. If you are in the 4th quartile, even by a whisker, BEWARE. Please do yourself a favor and star looking around.
Good luck y'all!
May be right but there are a lot of retirement eligible scattered around the country not coming back. I'm always amazed at who I talk to that tell me they're in a different state or 3 hours+ from Dearborn.
It MIGHT be legitimate in that they think they're going to get a lot of takers. If you're truly retirement eligible with no plans to return to Dearborn, why risk winning a small carrot garden by picking what's behind door #2 when you can walk away with 6 months (supplying you have 20 years)? 1. Involuntaries may never come 2. you may not be the one. There is a BIG swath of retirement eligible. Would you carry two housing payments to satisfy some non-sensicle Dearborn residency requirement, hoping you get tapped? Don't think so. Guaranteed their "new" remote work policy will be aimed at the older demographic/those with 20+ service- again, guaranteed. BTW them getting rid of somebody has nothing to do with position not needed but more about finding lower cost workers to backfill- make no mistake.
Feeling this VSSP program is a setup with benefits offered so low, compared to involuntary separation, that no one will take it. This is the point. Then the following involuntarily program, management can choose from the list with legitimacy to meet reduction target those with high pension cost, not needed or low performance. Probably in this order.
This company is in dire need to trim its engineering and technical expertise and ranks. Just look at all these recalls!
The only way to fix it at this point is to cut cut and cut the people that cause the problems. And it ain't HR, marketing, or finance.
@2ril+1bPAiFDT Not when the involuntary schedule lines up with the '20 voluntary. Puzzling why Ford paired this back when a lot of people will say a few things to themselves. 1. I'm not going to settle for 3, 4, 5, or 6 months. 2. I'm not going to settle for x months when I could get more by waiting to get shown the door. The downside is that it's easer to explain a voluntary than an involuntary, but the upside is that it's more lucrative and you may have a legal claim in this scenario. You do not by taking a voluntary.
Always hard to tell what they're trying to accomplish and if it's their way of trying to get to involuntaries faster to do a house cleaning. Easy sell with the halo around Farley right now - streamlining company, making more nimble/agile, more focused on 21st and beyond, etc, etc.
4 months severance for 15 years of service? No thanks. I will roll the dice. Are there any good perks with job training or whatever as part of the VSSP that should be taken into account. As a 45 year old white dude I know my days are severely numbered but 4 months pay is not worth leaving voluntarily for.
It amazes how selective and obvious they are with the offering- disgusting is a better word. Let's review-
They exclude MS&S, the so called growth areas, and HR of all skill teams. HR?? And they exclude certain areas within the affected teams. Why? They're excluding non-critical skill areas in which they're making progress in diversity hiring and or pivoting (more so) to the under 40 demographic.
Bottom line is that you're on their hit list if you were offered the package and will be the first to go in the event of involuntaries.
It's also going to be interesting how this new remote work policy plays into things and it's less than coincidental that the two are comingling. Bet bottom dollar they try to strong arm those outside of MI into accepting the package or suffer terrible consequences if not- i.e. 30 days or however long to return or be involuntarily separated. My strong hunch is that the vast majority of those who will be in this predicament are 40+. Yet another declaration of war on the 40+, and it will be telling when Ford yet again gets themselves into trouble with the 40+.
"Please don't misunderstand saving life's is a very good result of AV' however the implications on our society will be profound and not close to being understood at this point."
I agree about the amount of disruption will be EPIC and is not even comprehendible at this point, let alone understood to any degree.
However, can't agree with the whole "saving lives" blather. The headlong rush into urbanization, electrification, and AV's is NOT about saving lives. It is about control, as in they, the Masters of the Universe, will have near total control over you and your moments, and no, you don't get to vote on it, either. The current structure on transportation today in the USA allows individuals too much control over where they go and what they do.....which they do not want.
You haver been warned
Ironic in 2017 they offered 18 months to those with more than 20 years.. but PD & ME were excluded.. Deemed critical... Every dog has its day,, If not this time.. the MIBs will tap you on the shoulder next year.. Trust is one thing I do have for senior management. This will not stop it will continue another 2-3 years with salary.. Hourly your writing on the wall too.. BETWEEN 30-40% of labor will be eliminated after Ford goes 100% EV.
@1ebj+1bPAiFDT
I agree with your comments.
Electrification will put a lot out of people out of work in the auto industry world wide.
Adoption of Autonomous Vehicles will hit many more industries such as insurance, healthcare, municipal budgets, gas stations and the auto sales and repair industries become a thing of the past. AV's will not be purchase. They will be used like taxi'.
If there is a very low potential for accidents insurance companies go away. Reduced accidents less healthcare needed. Municipalities are hit with almost an elimination of revenue from citations. These are just a few.
Please don't misunderstand saving life's is a very good result of AV' however the implications on our society will be profound and not close to being understood at this point.
Funny, at a team meeting yesterday my L6 said due to critical need for developers, IT was not on the list this time. Guess those in IT will have to wait to see for sure. What I do know is that for Mobility/Enterprise Connectivity area, we have been excluded except for two groups - mine was not included. However, same L6 did drop a hint that this might not be the case next year - got the old "depends on company performance at end of 2021"
Whatever....Ford and the world is reaping what we have sown: years of mediocre performance masked by extreme highs and lows in performance plus going head long down the path of full BEV vehicles means all of us will have to get used to this as a yearly occurrence, as it is clear that with BEV vehicles fewer people are needed overall in the design, development, and manufacturing of them. Hope the current government administrations are budgeting for large increases for unemployment and training funds, as over the 2 to 5 years there will be a mass shift of people from working in auto industry to .....where???? Don't hold your breath about any of this, as past history indicates governments aren't very good about this.
We, as individuals, need to start think less about what is best for Ford and what is best for us.....start your own retraining plan, and plan your escape now. Doesn't mean up and quit (if you can, go for it!) now, just to be prepared to move on when the time comes. I am just sick and tired of every other year worrying about having a job no matter what I do, what area/group I am in at the moment, popular cause or project I volunteer for, etc. Just sooooo tired of it all.
@1mjy+1bPAiFDT
PD isn't the issue as much as the constant efforts by Purchasing to require YOY material cost savings targets. Additionally, a lot of design work is done in CAD without actual prototypes and testing. The CAE models are not that robust leading to the higher warranty costs.
As long as getting rid of PD and IT heads improves warranty and quality, this will be a worthwhile action by leadership to 'disrupt' and make Ford the best.
It should.
PD, but it looks like Purchasing isn't.
IT is on the list.