When does it stop?
Progression of life at Ford -> oh what a wonderful place and family -> man this is a garden variety sxxxshow -> oh man this place is super dysfunctional and stressful -> need to make plans to get out of this place.
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They can get around the WARN law by paying people a severance that covers the time period.
Read about it here:
https://www.warntracker.com/blog/warn-act-guide
If it’s more than 500 I believe they have to announce on the warn system and there is nothing there for ford in 2023 so far
It's not just older folks. They have to spread across the age range to avoid legal issues. If you are laid off, you're supposed to get a summary of others (no names) in your org & paygrade showing the age/experience breakdown.
My guess it is under 500 for 2Q23. Another 500 in 4Q23… unless we get another high retirement count due the lump sum going down again in 2024. If that happens then we will skip 4Q23.
Is it just old folks with high salary/pension duty or young bloods too?
Hmmm, voluntary. Remember those? Maybe even bump the severance up a bit to get some takers. Probably not the case, but you never know.
Based on reports, it will be in the hundreds not thousands. Although it’s so disgusting to put your employees through this over and over again. Wake up Ford!
A few hundred seems like bee ess. Ford HR and management has a thing for the number 25.
25% ? I would not put it past them. Doing many little cuts is a good way to demoralize your workforce, but one big one will get that "disruption" JF likes so much.
I’ve heard from source that this will fall mainly on engineering, IT and marketing. HR, Finance should have very limited people separated.
Also, the process will be quick and voluntary is on the table.
great song.... really great song and how prophetic the title would be
https://youtu.be/U8SSdyflGN4
Seems like they are really keeping this one under wraps. Normally hear something from one of my connections but nothing this time.
If someone knows any numbers it would be nice to know.
Try looking at Wall Street Journal, Fox News article, The Hill Article among just a few. Some articles from 06-23-23. Also, noticed Thursday and Friday system acting strangely.
I’ve been through too many of these to-date for it to even register anymore. Que sera sera.
Anybody hearing any numbers? I can’t believe it will be ‘several hundred’. I don’t think they would leak this to the WSJ for hundreds. We shall see.
Source?