Long time Ford Credit colleague says they were told a month back that the Business Centers will not be impacted. Meanwhile HR here in Dearborn are busy bees working on Ford Credit realignment too. It's not just IT and Engineers my friends. Ford Credit LL6 and above will get hit along with everyone else next week. "ALL" Pension Eligible Ford and Ford Credit employees will be impacted between May 21st and July 2 regardless of salary grade level. FoMoCo is cutting clean with the Pension Folks and mandatory pension buyouts are on the way. NO DOUBT. Technically some these separations are after the main SMART Redesign, still the outcome is the same albeit a bit later in the year. So sad to work for such a deceitful bunch.
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"mandatory pension buyouts" are not a thing.
True @1bkd. Know two FC LL5 who got the tap and one LL6.
Your birdie must be the woodpecker because everyone in credit knows that the business side is filled with long-timers who don’t produce any value. The SRD is just the beginning in purging that entire side of credit.
Ford Credit has already been hit, at least at the LL5 level. They have until the end of May and then they are gone.
Read the HR Policy on SIRP
Any idea of what the buyouts will consist of?
55 years old and 35 years. Is that pension eligible? Does that mean I go?
pensions! what a concept... we need more pensions so we can all retire comfortably...