After retired, I wonder rollover 401k to a brokerage company IRA account a good ideal or not?
Tempo
Ford has yet to make a car as great as the Tempo of the 1990’s. The seats were like sofas.
Those taking lump sum retirement just got scammed
It’s called de-risking. It’s another ploy by Ford to minimize their pension liabilities. Do you really believe that their warning of lump sum reductions was to help employees get their best retirement plans? This was just to get the ones it was too... — read more
Gurminder Bedi back at Ford?
... joining forces with Commander Cody to revitalize the Lincoln Brand so it can compete with Tesla. https://www.youtube.com/watch?v=lpK1ylZboyc
Future of R&A?
Some departments in R&A were hit hard in august. With the retiree news trickling in, and then JB being replaced by MJ…I’ve heard rumor they’re disbanding R&A, even with MJ as director. I know for a fact I saw a calendar notice on my boss’s boss... — read more
There is no hope that the next year will be better
Is there anyone who thinks that the situation won't be even worse for us here in 2023?
Survey for those who retired Nov 30
Just curious for those who retired November 30: (there were 1000, some read this site) Did mgt tell you they’d backfill you? If so we’re you asked to help transition to the replacement? How much notice prior to nov 30 did you... — read more
Fear of bankruptcy
It is true that Ford is very poorly managed, but I still think that it will not go bankrupt. But since some of you here mentioned such a dark scenario, I am interested in why you think it is inevitable that it will happen?
Something that makes the go hmm. Certain LL3s and their hiring and promotion preferences
A certain LL3 that lives in the south seems to promote his buddies, and attractive younger females. He pushes out anyone not in those two groups. So you either have to hang out with him and eat junk food and cldrink cheap beer. Or you have to be a... — read more
Why are the long tenured employees so entitled?
Current employee with just under 10 years. I'm amazed by how entitled those with 19+ years of tenure at Ford are. They bi--h the most about everything. Benefit changes. Desk configurations and locations. Bonus target and AICP percentage. RTO plans... — read more
Why all the time and energy spent on TVM???
Shft can TVM it is a distraction from real work and doesn't represent actual cost reduction. Get purchasing out of the mix. Allow cost ops to follow all change so tvm isnt needed. This keeps cost ops close to the supplier and forges a better... — read more
Don't have the "Right Engineers" just make some.
Ford has been destroying itself from the inside for years/decades. In order to fill their quotas in engineering they take people with business degrees and put them into engineering positions with no technical skills. The result is cost cutting and... — read more
Layoffs Q1?
How likely is it since 3,000 were let go in August, followed by only 1,000 electing to retire? The 8,000 number leaked earlier is still not met.
Ford Confirmed That 1000 People Just Retired
https://www.msn.com/en-us/money/other/1000-salaried-ford-workers-retire-after-pension-warning-from-automaker/ar-AA152A2K
There is no time to waste
While the leadership is enjoying their holidays, people like me, who gave their best to this company, will be furloughed. However, considering that I have a family that depends on me, and that the next year will be bumpy (I have no doubts about... — read more
NESC
Been on hold 90 minutes waiting on NESC to answer. I'm locked out of getting my 401K out of Ford, and my retirement hasn't even been processed yet. This is not the way to treat employees. So frustrating. There, I'm done. They need to be sued... — read more
We made a Top Ten list!
For most indebted companies in the WORLD. Ford Motor Company (NYSE:F) Total debt of the company in the latest financial year (in millions): $139,485 That some of this debt funds FMCC is true, but Ford will be still be making interest payments ... — read more
1000 took retirements. More cuts coming
About 1000 Ford employees took the retirements in November. Apparently well below the 3000 targets. Expect more cuts coming. https://www.freep.com/story/money/cars/ford/2022/12/08/salaried-ford-workers-retire-pension-warning/69708649007/
Baumbick and Halliburton Lead For Quality
I hope they can lead who’s left to focus on the right priorities for Quality. If they don’t change it up and get it right, the company is lost.
Will yearly Compensation take into account inflation?
With inflation sitting at 40+year highs, will Ford actually address salaries sufficiently, or will they throw most just the "usual" 2-3% and call it good? With states also raising minimum wages in most states, including Michigan, the salaried... — read more
Goodbye Ford
I hope you figure what you're doing before the company is completely ruined.
How to Lose Customers Forever, making layoffs necessary
From the Free Ford Press, hard to believe they wrote something negative about Ford, I love the line “no one collects such data” BECAUSE FORD IS A DATA AND SUBSCRIPTION SALES COMPANY…. Ford Motor Co. CEO Jim Farley has said repeatedly his team is... — read more
Suzy Deering leaving. Who else?
Announcement that Suzy Deering is leaving the company in 2 days. What is going on with Ford’s management?
CR says "NO" to Explorer
Don't worry, EV's will make everything better. Consumer Reports came up with its list of the top 10 most and least reliable vehicles using data from its owner survey, which contains information on over 300,000 vehicles. The organization takes a look... — read more
Another F-150 recall, older Ford trucks need to be safe too
Ford Motor Company is recalling select 2017-2018 Ford Super Duty pickups due to an issue with the driveshaft. The defect: in affected vehicles, a radial damper inside the driveshaft may move out of position over time, which can cause a driveshaft... — read more
It's good to see the "four-day week idea" spreading
A century ago, automotive titan Henry Ford found that when people worked fewer hours in the week, they made fewer mistakes, Mr. Grant said. Things have changed so much since then. Nobody among the current so-called leaders would even bother with... — read more
Contact workers furlough
Just overheard that contract workers will be furloughed for two weeks. Brace yourselves.
AICP <90% is the new Achiever target
Did you get your briefing from management about the new rules for AICP? Now if you meet all your objectives and deliver what management asked you will receive less than 90% of your targeted AICP. Only LL4+ PL favorite pets will receive 100% of the... — read more
Return to Office
A town hall last week focused a great deal on "evolution of work". Where the message was everyone should start coming in, with a mention of a mandate if they don't see it happening. Heard some rumors today that Credit is being asked to start coming... — read more
The atmosphere is very tense
I dread going to work every day but I still haven't received a new offer and I am aware that I will need a lot of luck with a horrendous economy like this to find a new job if I lose my current job. That's why I'm so anxious. I wonder how far we... — read more
Really? This is how we spend our time?
Water and batteries are not friends, just sayin’ Ford Motor Company has filed a patent for a vehicular water generation system, Ford Authority has learned. The patent was filed on December 1st, 2020, published on November 29th, 2022, and assigned... — read more
Do we need an Engineering Degree an Engineer?
https://www.linkedin.com/posts/stevenehez_dear-automotive-oems-weve-been-encountering-activity-7005566965310246912-qRig?utm_source=share&utm_medium=member_ios
The end of the GRP
I can’t imagine the clowns in charge of the General Retirement Plan have not figured out that this coming calendar year would be a great time to buy everybody out. With rates on the rise there is a possibility that the August 2023 rates will be equal... — read more
Problems arising from selling subscription services…
“Sirius XM breach unlocks, starts cars”. Security researcher Sam Curry found an exploit affecting the telematics and infotainment systems powered by Sirius XM. Sirius has been selling subscription services for over 30 years, and their parent... — read more
When management calls, make them PAY$$$$
I retired November 30th, took my lump sum and decades of knowledge out the door with me. I was the only one left in my department who knew how to setup the programs and do the trouble shooting. All the new people they hired from the outside did not... — read more
Improving the company
Ford right now is a big disappointment. The company's leadership, to be precise. What did this leadership do to improve Ford?
This used to be a great workplace
Ford has changed a lot, but my perception of this company has also changed now that I am more than 10 years older than when I first started working here. Now I wonder if Ford has always been a decent place only for younger employees. Any thoughts? — read more
Ford Pass Auto-Subscribed Me?
Today I got an email from Ford Pass (which I was not subscribed to, but somehow I was now subscribed) asking if I was interested in a new Ford. After I was done laughing, I unsubscribed, if they try it again I will block them. They can't seriously... — read more
I've been wondering about that
Ford Is Building Its First New Auto Plant in 53 Years. Change is certainly coming to Stanton, about 45 miles northeast of Memphis. Ford and South Korea’s SK broke ground in September on the sprawling, six-square mile manufacturing complex that is... — read more