Anyone else hear agency are getting a 10% pay reduction?

Saw an interview today where Jim Hackett said his goal is to not have cuts at Ford during this pandemic. I think if he pulls it off, he will redeem himself at CEO as other car manufacturers have already had cuts. What do you think?

https://www.autonews.com/executives/farley-buys-1-million-ford-stock Sadly, he will lose on this gamble.

Just curious as to why the majority of posts seem to originate from IT folks? Is there a message in this (they are angry? not much work to do?)???

‘There is no future,’ muses Ford CEO Jim Hackett after pocketing $52mn

Reasons could include specific supervisors/managers, infrastructure, processes, etc.

https://www.autonews.com/finance-insurance/ford-credit-q1-earnings-spiral Profits fall 96%, Ford Motor Co. CFO told investors that the lender expected used-vehicle markets to rally, although he couldn't establish when. This is the iceberg is... — read more 

https://www.freep.com/story/money/cars/ford/2020/05/01/alexandra-ford-english-joe-hinrichs-rivian/3063740001/

https://www.autonews.com/executives/alexandra-ford-english-daughter-bill-ford-join-rivian-board

Despite some IT teams being more productive WFH we are all going back into the office in June/July. Company is stuck in old mindset. Tata, IBM and many other companies have all reported huge productivity increases with IT staff WFH for covid19. ... — read more 

Is it just me, or do many LL5s act very pretentious, often like a "queen bee"?

What are we doing to fix this group of losing ideas?

Just finishing up. Senior Managements all over it. There may be a chance we will all have to take a pay cut. Other than that business as usual.

Yikes. Losses - two billion in Q1, five billion estimate for Q2. Q3 will be just as bad. Q1 is interesting as the shutdown only affected a few weeks in March. What the heck is going on there??? Economy was rolling and you still racked up two... — read more 

Did anyone think it seemed like I, I mean the future CEO, was reading my lines on the call today? Asking for a friend!

Time of year to announce this.

What's the deal with this group in Ford? Are they producing anything to help bring a profit to the company?!?!

Ford counts its cash amid pandemic after $70M exec pay exceeds company's profit in 2019 http://a.msn.com/00/en-us/BB13gMa3?ocid=se

Lots of Bill but no Hackett. Where was our CEO?

Outside of PD and IT, any news about agency layoffs?

A zombie company is a company that needs bailouts in order to operate, or an indebted company that is able to repay the interest on its debts but not repay the principal. How does Ford escape this fate?

Were are doing great. No more cafeteria will being wearing Star Wars face shields in the PD Center. I have to say in all seriousness they are doing a great job planning this return to work phase.

What do people think of the new GDIA leader?

I keep seeing responses to recent posts about watching the huddle today for cut updates...so....are they just planning on doing a Huddle furlough/lay off during this meeting?

Do the math, the potential financial exposure exceeds Ford's market cap. Yet most of the responsible people still work here. Where’s the accountability on... — read more 

I really cannot understand how all of our management updates the last few weeks are so calm and relaxed and focused only about all of our medical support. I am glad we can help with medical supply. So for tge meat. We have struck icebergs every... — read more 

I'd be all for a cut rather than a layoff. What is Jimmy waiting for??? He just wants to bleed faster? He should do a 4 day work week with a 20% pay cut. I can't see everyone going back to PD in a few weeks if Whitmer lifts the ban. They'll have to... — read more 

https://www.motorbiscuit.com/the-ford-f150-is-the-most-recalled-ford-vehicle-in-history/

My group is being told to plan to (fake) work from home until September, but they plan to open plants in two weeks???

More football nonsense and empty platitudes. This guy is beyond... — read more 

And the plants were shut down less than two weeks, imagine how much worse Q2 will be. The only expense that is big enough to make a difference is salaries.

All over the world in emerging markets hundreds of thousands of people are fearful of public transportation and are hoping to buy their first car. Which car company will be ready to help these families?

Had two people bring up that they heard, but refused to say from where, that agency personnel were going to be cut. PS however, would retain their positions because of some sort of legalities involved? Anyone hear this?

There has not been a single “Mobility” project that has any hope of ever generating profits. People don’t want to buy vehicles knowing the goal is to track your every movement and sell that data. If we were focused on being the highest quality... — read more 

"Everyone says this about Ford" Jr. goes on to say Huh? If I had a dime for every time Jr. said this I'd bee retired years ago. Maybe they should get their backs up against the wall at the next launch.

Sharing Knowledge—With low mortgage rates, many are contemplating refinancing—Surprise, surprise–with COVID-19, layoffs, etc...banks are looking to get 'employment verification' at closing like the 'week of closing/not your last months or last... — read more