Are you starting to pucker a little? How much of that nest egg have you lost so far?
Gotta Be Some Sort of Enhanced PRP Coming
This market environment is getting really scary. The company better get out in front of this one. No telling where this one ends.
Read the last line......Get strapped and ready.Employees
He said industry observers would like to see Farley consider the following actions: Get out of Europe, The Middle East, and South America Extricate from China and the rest of Asia Solidify and rebuild market share in North America Secure a... — read more
Analyst reaction to Farley's first speech as COO:
“I am literally stunned beyond belief. In my wildest nightmares I never imagined that what Farley would present would essentially be what Hackett has been presenting now for almost two years.” We are doomed.
Jim Farley: The struggle is real
https://www.freep.com/story/money/cars/ford/2020/02/26/ford-coo-jim-farley-speaks-shareholders-investors/4873629002/
Short Interest for Ford is very helpful high --38%
It was below 10% in March when SRDs were announced
Tesla Now Worth Over Five Times Ford
Just checked – 30.21B Market Cap vs 154.6B
High margin businesses???
So, Ford wants to be only in high margin businesses, eliminating entry level cars from its products, and instead spending capital like drunken sailors on “Smart Mobility.” From all the news I can find, the “FordX” group has wasted $Billions on these... — read more
Time to Buy Ford?
So who's buying, closed @ 7.57
Ford's challenges are structurally and strategically deeP
"Ford's challenges are structurally and strategically deep. Its competitive strategy leaves too much in doubt and fails to show how to break through the vortex of forces buffeting the industry." Marick Masters
Jim Hackett + stock drop during healthy times
https://www.freep.com/story/money/cars/ford/2020/02/24/ford-stock-ceo-jim-hackett/4821205002/
What is the Future of EPE ?
EPE used to be one of the desireable areas to be, lots of people from TDE., RIC and PDC came to EPE in last few years . Recently people have started to leave EPE, not many got SRD’d last year, is there SRD 2 planned for EPE this year?
Ford Credit?
Anyone hearing anything re Credit? Layoffs?
Thoughts on GDIA
Anyone have opinions on the GDIA group? I hear that parts of the organization are hiring their own people to do work that would traditionally be scoped to GDIA? Thoughts? Comments?
Is Ford trying settle up on Pensions ???
Copied from older PRP discussion below but posted Feb 18. Could this possibly be for real? "Sr HR contact said an offer is in the works similar to 18 but with a premium (dont know what that means) if the employee accepts and agrees to the lump sum... — read more
Jim Farley could get 32% pay raise as Ford chief operating officer
Well, it looks like there's at least one person in the company that must be very glad Joe Hinrichs is gone! An additional $2 million, not bad for someone who has the same delivery track record as Hackett, and seems almost as unanimously hated by the... — read more
What is Ford going to do to succeed?
https://www.google.ca/amp/s/www.thethings.com/struggles-ford-motor-company-is-facing-for-the-new-decade/amp/
If things get real bad Executives Will Get "Retention Bonuses"
During the great recession many LL4's and higher received retention bonuses in exchange for committing to stay with the company. If it all goes bad watch for it to happen again
Anyone want to share their bonus amounts or bonus range? Only interested in LL5+
I am curious what the bonus ranges look like for LL5 and above. They publish the GSR and LL6 amounts but have heard from many that the bonus amounts for LL4's especially is absurdly high - can't imagine what they are for LL3/LL2. I'm not... — read more
How does one become marked unrehirabe after he/she quits?
Can an LL6 spite a quitting employee by putting negative marks on their record?
Fantasy Opinion Pole re "The Hatchet"
Oh how I wish for a one question pole of active and recently retired or SRD'd employees. Dump the pulse feel good questions completely and ask, "on a scale of 1-10 (10 being best) please rate the performance and competence of CEO Jim Hackact over... — read more
Can anybody explain the toxic culture in some areas of Ford?
I noticed that there are some cliques of supervisors and managers who will be your enemy if you do not talk and walk like them.
Has anyone gone back as Agency or Purchased Service.
I would like to know if anyone has gone back as agency or purchased service since being let go via SIRP from the LL6 ranks? Do you know anyone who has gone back?
Who's going to "retire" now with all the recent recalls?
This company is sinking and sinking fast. Are they trying to lower the stock price to be bought out? The actions make no sense if they are trying to remain strong and independent.
Wrong Guy
There is no way on any planet that it makes sense Mr Hinrichs leaving Ford, on his own. He is not the guy who should be leaving. To say that Ford has a deep bench without him, is a clear miss because Mr Hinrichs was that deep bench. Rarely do you... — read more
Bye, Joe
https://www.freep.com/story/money/cars/ford/2020/02/10/ford-executive-joe-hinrichs-leaves-abruptly-amid-management-shakeup/4707768002/
Has anybody else noticed stuff like this?
Post SRD there has been a trickle of people disappearing from our department. All but one have been long time older employees. Two had recently had health issues and missed a lot of work. One we were told was behavioral related. The others no clue... — read more
Will they offer PRP this year?
I'm assuming there wont be any volunteer buy-outs. Does anyone have info on possible PRP's being offered this year?
Recommendations for new IT college graduate?
Hello, I know a handful of FCGs who left Ford after their FCG rotations for a company like Amazon or IBM. During their time, Ford paid for their master's degree and other certifications. As a soon-to-be graduate, is Ford a good place to start... — read more
Another Colossal waste of money
The Ford Credit building (the huge two story building adjacent to the World Headquarters in Dearborn) was filled with perfectly functional high walled cubicles. Jimbo decides to replace them with open office space with four to eight people crammed... — read more
30 Days < $1/share and those shares the Family has and their voting rights are worthless
Anyone else ever heard this. Truth or Myth?
Lump Sum Payout
Was planning on retiring this year anyway - hoping to hear of PRP or the one where they paid you 6 or 9 months. Since all of this news broke last week with the earnings and Henricks getting sacked I may just go in Monday and submit my papers online... — read more
Any current employees looking for jobs now after yesterday’s announcement?
I feel like there will be a mad dash of exits soon.
Timing Should Be Right for PRP
With all of the financials wheels falling off the cart at Ford it should be about the right time to offer the PRP. With a little luck they offer it don't get the #'s they need and sweeten the offer as they did in 18' when they rolled the "Enhanced... — read more
Mass Layoffs Incoming ?
https://www.wheelsjoint.com/global-car-sales-hit-the-brakes-mass-layoffs-by-nissan-and-ford/ Can this source be trusted?
Autoextremist Article about Farley...
The Autoextremist must be pretty riled up to post twice in one week... http://www.autoextremist.com/current/2020/2/3/fords-highway-to-hell.html