Yup the execs are all busy preparing to improve 'shareholder value'
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Nope. No packages this year.
FOMO is literally and figuratively going south.
The trust in senior management is gone. NA salaried ranks will continue to dwindle as they staff south of the border. I guess we know how the UAW feels when programs go south. Whatever. Do not think they will not stop by and walk you out. They have a design center down there that is state of the art. That tells you the body work will go down there. PT is staffing down there as well so those older commodities will go south as well. WERS / Purchasing will go. Please have a "PLAN B" ready to implement.
For some reason unlike the 2000's when MarkF would let us know in advance cuts were coming our current regime lacks courage. wait till the last minute to let us know.
Good observations, all.
For sure. They may even preannounce between now and something like July 28 when they announce, detailing involuntary job cuts to offset the bad news. We may get the info straight from FREEP or CNBC. Ford could very conceivably do this from the standpoint that a lot of other companies will likely announce job cuts at their earnings announcement. Right now I don't trust a thing the C-Suite says and haven't in a long time.
Your timeline makes a lot of sense. I can see it happening just as you describe.
Could be. The weeks before and after July the 4th are usually pretty quiet on all fronts. This is conjecture on my part but the 2Q22 earnings call date will be announced mid month and the actual call scheduled for late in the month (if it goes by the schedule of previous quarters). We've already foreshadowed that cost cutting is a necessity so I would be very surprised if the "people actions" haven't been announced prior to the earnings call with Wall Street.