Heard from a couple of different sources. COVID has already destroyed 2020 earnings, makes sense to take the hit this year in prep for improved 2021 financials.
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"The employees should be required to sign a pledge that they will do a quality job, be a team player and actually work for their paycheck. "
People that don't work aren't going to work all of a sudden because they signed some pledge.
Yeah, and a couple of other posts say the same thing. Maybe buyouts are coming, as by 2nd quarter of 2021 we might have 4 new white space vehilces (Bronco, Bronco Sport, Maverick small pick-up based on Escape/Bronco Sport platform, and March E) plus a revised F-150 pickup. Plus don;t forget the BEV F-150 may be available by end of 2021 as a 2022 model. Thus, which that much new product, we miht not need so many people anymore as the new product cadence will drop a bit.....then again we might have a really great 2021 with all this new product coming out, so we might need people.
Point is, who really knows? Ford is going to do what they are going to do.....we knew anyeay after SRD and based on known product plans, fewer peolpe are going to be needed as all the future vehciles will be built on fewer platforms...I've gone through too many reorgs to worry too much about it.
've got 20+ years in, so no matter if they offer volutary packages or another round of SRD like cuts, one should always be prepared for such actions:
1) Keep your skiils up and current, and learn something new every year that is on the cuttting edge of in high demand outside Ford
2) Have a slush/emergecny fund that you can live on for 6 months minimum, so you can always have flexibility to explore other options if you get tapped on the shoulder
3) LIve a minilamist lifestyle. Don't take on a lot of debt, and pay down what you do have as quikcly as reasonable.
In short, always be prepared for anything and you'll be fine no matter what happens
The employees should be required to sign a pledge that they will do a quality job, be a team player and actually work for their paycheck.
Instead we are signing Covid pledges.
PreCovid a large percentage of my area including most of the supervisors and managers spent 1-2 hours at lunch in a bar and then reconvened at bar at 3 pm. These are the people I never want to be in an office setting again with, they will undoubtedly spread the virus.
The checkers are catching a lot at Ford as evidenced by the number of late changes and new issues from our test fleets.
Other manufacturers report they do not need much of the extensive checking Ford has allocated additional heads for. However, many in Launch feel this information is fake news.
The whole Quality organization at Ford is built on checks and balances. The leadership feels that independent checkers are necessary or our PD and manufacturing folks will cheat.
IMO this is terribly inefficient and old fashioned! At a minimum most of these Quality jobs could be made truly independent and given to outside companies. A more ambitious solution would be to change culture and performance objectives. The company needs to be leaner and eliminate many of these checking jobs.
Good. Get rid of all those trackers who have no real output.
@3abl AMEN! Of the 12-15 LL-6's that I deal with, there is one that can speak in technical terms. Every single one of the rest are all dorf, rally, spreadsheet and powerpoint experts, but dont have the slightest idea of what goes on around them. They think that all the techies are plug and play because some consultant told them so.
@2jyi+16Blzjgd Because the management team believes all employees are plug and play.
We have managers not leaders, they value what they are: shallow knowledge, no technical skills, no teamwork skills. Ergo they continually purge highly compensated knowledgable, technical team players. Suggest you take the package and run.
14 years and 61. ” missed it me that much"! Quote from Maxell Smart for the millennials out there! :)
Word from a good source says their going to wait and see what the Fed say tomorrow and what is in the next stimulus package.
VIP section missing - must have taken it down. Glad I snapped a copy already.
I know on thing foh sho.
I'm getting on the surfboard and gettin the F outta Dodge!
Ciao bella :)
Look, at the end of the day, this is all about age discrimination. The younger people they are bringing in are getting big pay packages and promises of quick promotions. They need to get the older workers out because the payroll is going to soon explode, as well as these younger people are expecting to be promoted to management within 3 years.
Why do they keep going after highly compensated employees? With possibly a few exceptions the highly compensated are the ones who have been getting great reviews resulting in larger raises and bonuses. The negative impact is wider than when eliminating poor performers. It eliminates strong performers which impacts results and those remaining are less likely to work like stars because it puts a target on their back.
The VIP search doesn’t seem to work right now
Yep it is all true
Ford focused on taking as much of a controllable hit in 2020 as they can and this is all part of it.
Really not surprising since Company was performing poorly prior to pandemic
As soon as Professor Moonbeam departs in October,
Buyout packages will be announced along with the directive that all employees will be required to return to the office Jan 2021. This will incentivize all the older workers to accept the packages, especially those with health conditions such as high blood pressure, diabetes, heart conditions and obesity.
The voluntary packages will be followed by involuntary packages, the involuntary packages will again target those employees nearing pension milestones and the highly compensated employees. Those of you a few years shy of 30 years and not yet 55 will be primary targets.
This is a clever tactic to avoid lawsuits due to dare I say Age Discrimination. This effectively gets a bunch of high end salary/healthcare costs off the books with something that souds like an offer but is really just a modified reduction with a severance.
This allows a HUGE snow plow to come right behind this "offer" and jet set out even more high salary loafers without the threat of lawsuits since the 1st set is voluntary.
Keep your head to the grind stone kiddies.
Post from TheLayoff.com
Buyouts have gotten less generous over the years. I wouldn't be surprised if this trend continues.
Ford will use Boston antilitics to conduct this totally bypassing hr,
Post ID: @1suh+16Blzjgd
Go to "Life @Ford" and search for VIP. Offers open on September 8th. Retirement eligible people with 16+ years get 9 months severance pay.
Now that is some good information. Thank you. I searched on VIP and the information is true and it is in writing
@1pwh+16Blzjgd, yes, but in the fine print (about half way down) it says "The VIP does not provide post-employment continuation of medical/dental/vision coverage or life insurance".
This looks like a watered down version of the voluntary packages from a few years ago.
A poster asked about the difference between buyouts and involuntary separation... if the rumors are true It would depend on the details in the offers and the separation packages. If it’s similar to SRD then the buyout would be more attractive. The buyouts before SRD offered 9 months pay, a year of benefits, management lease vehicles could be kept until the following October and you had A Plan for life. Ford claimed that you could keep your benefits until eligible for Medicare but they have since raised the monthly cost and co-pays so much that it’s unaffordable. I know a few people who thought they could afford to take the buyout but are now stretched because of the increased cost of Ford benefits, I don’t believe you could qualify for unemployment after 9 months because you technically quit your job.
SRD included severance that varied based on years of service. In many cases the severance was less than 9 months. Your Ford benefits covered as many months as your severance and management lease vehicles had to be returned within a week. You could apply for unemployment after your severance period because you were laid off.
Many of the people targeted in SRD had a pension and were approaching a milestone that would have increased their monthly pension amount significantly. Others had years of good reviews and therefore had salaries higher than their peers. IMO I’d be surprised if they take that approach again because many teams are still hurting from the loss of knowledge and solid performers.
A word of encouragement... I am in contact with a number of people who took the buyout and several who were SRD’d. They’re all doing fine.
Assuming someone is of retirement age/service, what's the difference between VIP (voluntary resignation) and retiring?
"Post ID: @1mqm+16Blzjgd
Go to "Life @Ford" and search for VIP. Offers open on September 8th. Retirement eligible people with 16+ years get 9 months severance pay."
If this September 8th offer is true it only means there will definitely be a heave hoe coming after the voluntaries.
Post ID: @1suh+16Blzjgd
Go to "Life @Ford" and search for VIP. Offers open on September 8th. Retirement eligible people with 16+ years get 9 months severance pay.
In 2019, GM sold 2,887,046 vehicles, with 164,000 employees.
In 2019, Ford sold 2,422,698 vehicles, with 190,000 employees.
Bottom line, Ford is producing 15% less vehicles with 14% more employees.
This is (one of) our problem(s) that must be fixed, leads me to believe that we need to reduce headcount by at least 20% to be competitive in this industry.
Start with the “smart mobility” group that is losing over a BILLION DOLLARS PER YEAR DREAMING ABOUT FLYING CARS.
I highly doubt Ford foregoes voluntaries in lieu of an involuntary action. Involuntaries are messy, destroy morale, get internally political, lead to lawsuits, are much harder to administer, won't be politically well received by either party, etc. Still, I'm not sure what gets those retirement eligible off of the fence if they don't touch the pension, unless it's a very very good offer. You couldn't get them to bite when they were going in everyday, but now they can work anywhere while doing even less. Sign me up.
@osq+16Blzjgd that piece of software is called EnCase Endpoint Investigator
We were discussing that the other day.....I am convinced these are just rumors, just a carrot, so that they make some people stick around a little longer and then let them go on Ford's terms, rather than employees leaving on their own terms, and Ford having to backfill.
The software is a beta test program. It's easy to spot if you know what your doing and looking for.
About all I got about that for now. You get me that buyout someone has rumored there will be more about it.
Whoops there it is. Poster has been putting same comment and heading out for the last 2 years every 3 months. Never any details of course, and never true. Well some hope it is true but of course you have no real info. “I heard, details coming, looks like” are all your familiar catchphrases.
Not what I heard they are aggressively using some sort of software tracking app for those working at home.
I have heard there is a master list they are putting together as we speak. Word is this software will stand up in court and prevent most if not all ageism litigations.
Please say it is true!!!!
Details will be sent out this week.