It was reported that Ford China had started to lay off employees and would compensate them with N+3 salary compensation. The number of employees affected exceeded 1,300. In response to this, on May 10, Ford China stated to the Chinese media that “China is a crucial market for Ford. We remain committed to promoting sustainable development in our business operations in China.
https://pandaily.com/ford-responds-to-rumors-of-large-scale-layoffs-in-china/
@1quc the average monthly salary × (continuous working years + 3)
Ford is like a drunk weaving and stumbling down the sidewalk trying to make it to another bar. You hope they make it to their destination without any collateral damage. You have sympathy and empathy but you also realize they are unlikely to change.
We are still hiring executives from outside the company. Is our quality improving?
N+3?
Even if it is included, $1.5-2bln funds a lot of layoffs!
Not sure whether this is included in the 1.5-2.0 billion cost cut reported by Yahoo a few days back.