Still waiting on a PRP package?? What are your thoughts about this happening given the current situation?
13 replies (most recent on top)
It is not about being gleeful or happy that the PRP may not happen. It is more about how crazy it would be to offer it as we head into a depression and the company is at risk for failure.
Heads must be cut quickly to survive, no time for cushy PRP and severance packages. The Ford PR hit will be minimal because this will be going on at all companies.
It s—s for everyone because the domino effect of this affects many outside of Ford (suppliers, etc).
Ford is not going to get a government bailout. The executives and BF tangled with Trump too many times and fought for higher expensive standards, administration's not likely to help. it doesn't make sense if you're trying to run a business, to increase your costs.
How come some of you so gleeful and happy about no PRP happening? That just means the hatchet will come and hit who you don't expect, if you can't raise your hand and say pick me. if you ask me PRP and SRD are the same thing except SRD is more of a freight train hitting you.
Don't Bring Me Down by ELO da hoo hoo................................ Down bring me down...............
https://www.youtube.com/watch?v=z9nkzaOPP6g
Yep no PRP's 2020 you are right. Plan B SRD just like last time.
9 months severance - just like enhanced PRP - I'm good where I'm at. :)
No PRP = Let the firings begin. This virus will be the excuse to SRD more employees. It will be done under the radar so it will go unnoticed by the LSM.
HR says none for 2020. Hang on folks.
Of course not. This is some serious economic sh–e and there must be furloughs and layoffs to survive.
PRPs are for the good old days. USA will be shut down for June at a minimum. 2 months of no work and no sales will be shocking to Ford’s bank account. Help us all if the shutdown goes into July.
Confirmed per Life@Ford — No PRP for 2020.
PRP or some variation of still remains an excellent way for Ford gets a home run.
- A permanent salary deleted.
- no more pension accrual, ssip match, or health care supplemented.
- head count gets reduced
- avoid negative headline on cuts and layoffs
PRP's are not going to happen. F is burning through $1B/week now, will need govt bailouts. Govt is paying companies to keep employees. Packages and raises are out, furloughs are in ur future
Oh there coming. You just bide your time. By this time each and every year they would have let all know one way or another whether they were offering them this year or not.
Hackett/Farley knew this week of mandatory shut down would buy them time - for what?
Planning! You and I will hear about the plans the week we come back from the shut down you can take that to the bank.
Not necessarily a dreamer, just a realist —
— Ford needs to save cash by cutting heads;
— Permanent layoffs are not a wise PR move (yet);
— 2Q financial results are going to be atrocious;
— Financial impact of separation packages (might not be PRP) can be buried in those atrocious results as a special charge (and will be a rounding error compared to Operations losses);
— Those packages will likely have to be sweetened to get people to move.