Ford has $30B after borrowing $15.4B. This provides enough liquidity for Ford to survive unless this crisis extends until the beginning of August per Deutsche Bank. Deutsche Bank’s Emmanuel Rosner downgraded General Motors Co. for the first time... — read more
Another Recall, Can't get out of our own way
https://www.wcvb.com/article/more-than-55000-ford-vehicles-recalled-due-to-gear-shifting-issue/32126429
Layoffs
I wonder if the below statement from Tim is assuming no layoffs until the end of 3rd quarter. At least China is producing vehicles again. "However, we believe we have sufficient cash today to get us through at least the end of the third... — read more
Is Ford For Sale? (Forbes column)
https://www.forbes.com/sites/jimcollins/2020/04/13/is-ford-for-sale/#6271b3fe4394
Aerotek
Anyone employed with Aerotek aware of any news?
30 Percent of the Workforce hired by Marketsource
Ford does not care who they get rid of. If your division is Motorcraft Parts and not making the margin your job is cut. They hired a company Marketsource. The program director has no idea what he is doing. Marketsource lay offs and fire you. Most of... — read more
Terrible News on Residual Values
Ford Credit's exposure is higher than ever. https://finance.yahoo.com/news/fear-impending-car-price-collapse-110000556.html
This will surely be a week to remember.
All was held back until after our invol. vacation and Easter weekend but all He$$ is about to break loose. Ford is hemorrhaging cash and to be fair Mr. Hackett has no choice. 20% salary cuts, furloughs, and 27 - 30+ folks are about to be shown the... — read more
Useful Information
This site used to have some useful information but now it's a bunch of hateful jabs by people that cannot spell nor write complete sentences. Please stick to the point, folks. This is not about politics. You should be sharing topics about the... — read more
Who's Next?
What department is going to be hit next? Any updates?
Need a job...?
https://www.cnn.com/2020/04/08/business/coronavirus-cobol-programmers-new-jersey-trnd/index.html?fbclid=IwAR2hzJ3Y6pYM4Wzr7GFdSB6YNuVfRXQNU3nzWzNX9hsQw4GQJ-d0xZIZu7U
Unemployment for those who were "Redesigned"?
I was wondering if any of the people who were redesigned last year are eligible for unemployment after their 9 month severance is over? Anyone try yet? I'm at the 9 month mark and wondered.
Ford furloughs more UK workers
https://www.tekportal.net/ford-furloughs-more-uk-workers/
Ford is recalling more than 67,000 Ranger, F-150 and Expedition models
For those still following on recalls (unfortunately they do still happen)... — read more
Nice Earned Media For Ford
https://youtu.be/lbiGSulXRKs
To Be Fair.
Ford employees at Troy Design did a great job producing medical shields this week. Great job. Thank you. Still no excuse for the 3 Stooges taking those big bonuses. Remember boys, some people felt great a week ago, and today they are dead. How... — read more
Ford Agency Furloughs
Has any Agency personnel received a temporary layoff or furlough until further notice?
Open Office Design
When employees DO go back to the office, how are people going to handle the open office design in many buildings? They have people sitting so close to each other, there's just no way to prevent even the common cold from spreading.
Life@ford
Updates on life@ford?
It has been decided.
Life@Ford has updated the phased retirement statement for this year. The Phased Retirement Program will not be available in 2020.
An Open Letter to Mr. Hackett
Now you listen here Mr. Hackett. You have driven this company into the darn ground and taken our best leaders out. Leave now. Signed, Loyal Ford Employee.
3 Stooges.
Paying any money to the top 3 Stooges is disgusting at this time. Jumbo Head, the Clown, and the Humbled Entitled should donate at least 50% of their bonuses for what they accomplished in the last 12 months. Hope you do not have to go to the... — read more
PRP Plan B
Just checked Life@Ford.com 9 months Severance and 5 months HC.
Hackett pay package, raises all around in 2019
https://www.freep.com/story/money/cars/ford/2020/04/03/ford-jim-hackett-2019-compensation/5115151002/
Cash For Clunkers 2
Ford leaders want Federal government to consider another Cash For Clunkers program. I am worried that not many new Ford's would be purchased as we no longer have many low cost vehicles
What to do if Recession hits as You are Headed Into Retirement
I found this was a good read: https://www.jackson.com/financialfreedomstudio/articles/2019/02/what-to-do-if-a-recession-hits.html
GoFundMe for Mr Hackett
Planning on making a GoFundMe for Mr Hackett and other execs who sadly have to lose up to 50% of their salaries. Anyone else interested in contributing?
What happened in today's huddle? Any specific topics covered?
Any words on the following: Layoffs? Pay cuts? Office start date?
What happened to the PRP dreamers on here?
Still waiting on a PRP package?? What are your thoughts about this happening given the current situation?
Spin Scooter
The Spin Scooter team is doing great. No recalls. Keep up the great work. Would be nice to say that about the 4-wheel groups.
Ford layoffs
Any new word of layoffs?
Hackett interview re: furloughs, the future
https://www.freep.com/story/money/cars/ford/2020/03/31/ford-jim-hackett-coronavirus-furloughs/5096816002/
Official layoffs
Plants remaining closed through atleast end of next month. As a result, layoffs incoming. Word from top.
Ford Contractors Layoffs
Have all contractors been laid off?
20% pay cuts for FOMOCO too
It's not like we didn't see it coming after GM's announcement, but DAMN none-the-less. 20% active and retiree pay deferal to be reviewed again in October 2020. Bet monthly pay pensioners wish they had taken a lump sum. Are benefits reduced as well... — read more
Mandatory April 6 - 9th Shutdown Vacation
How does this save the company money.............. unless it's earned vacation pay they would otherwise have to reimburse an employee they let go in the future. Something just doesn't fit.
Trump Blames GM, Ford For Ventilator Shortage, Accuses "Mary B" Of Charging "Top Dollar" During Crisis
Looks like the PR move has the potential to backfire big time. I wonder what hair-brained scheme has led to this. What price are we asking for the ventilators?... — read more
Anybody surprised no job cuts yet?
I would think this would be a perfect opportunity for Ford to get rid of some people they were planning to get rid of anyhow while escaping the usual bad press - since everybody is doing it and it's not even the top news currently. I still think... — read more