Topics regarding layoffs at Ford

Topics regarding layoffs at Ford

Ford As A Zombie Company

A zombie company is a company that needs bailouts in order to operate, or an indebted company that is able to repay the interest on its debts but not repay the principal. How does Ford escape this fate?

April 21 Huddle just finished up

Were are doing great. No more cafeteria will being wearing Star Wars face shields in the PD Center. I have to say in all seriousness they are doing a great job planning this return to work phase.

4/23 Huddle

I keep seeing responses to recent posts about watching the huddle today for cut updates...so....are they just planning on doing a Huddle furlough/lay off during this meeting?

Twilight Zone

I really cannot understand how all of our management updates the last few weeks are so calm and relaxed and focused only about all of our medical support. I am glad we can help with medical supply. So for tge meat. We have struck icebergs every... — read more 

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| 1860 views | | 8 replies (last April 22, 2020)
Post ID: @OP+14APsDkk

Why hasn't Ford cut salaries like FCA and GM??

I'd be all for a cut rather than a layoff. What is Jimmy waiting for??? He just wants to bleed faster? He should do a 4 day work week with a 20% pay cut. I can't see everyone going back to PD in a few weeks if Whitmer lifts the ban. They'll have to... — read more 

Getting back to work

My group is being told to plan to (fake) work from home until September, but they plan to open plants in two weeks???

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| 2700 views | | 13 replies (last April 22, 2020)
Post ID: @OP+14ycVnd8

$2 Billion Q1 loss

And the plants were shut down less than two weeks, imagine how much worse Q2 will be. The only expense that is big enough to make a difference is salaries.

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| 2270 views | | 16 replies (last April 19, 2020)
Post ID: @OP+14w5IzUZ

Rumors swirling of PD agency lay off but not PS?

Had two people bring up that they heard, but refused to say from where, that agency personnel were going to be cut. PS however, would retain their positions because of some sort of legalities involved? Anyone hear this?

Considering Refinancing - Don't wait!

Sharing Knowledge—With low mortgage rates, many are contemplating refinancing—Surprise, surprise–with COVID-19, layoffs, etc...banks are looking to get 'employment verification' at closing like the 'week of closing/not your last months or last... — read more 

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| 734 views | | no replies yet
Post ID: @OP+14uYOhX0

Survival Mode, The Math Checks Out

Ford has $30B after borrowing $15.4B. This provides enough liquidity for Ford to survive unless this crisis extends until the beginning of August per Deutsche Bank. Deutsche Bank’s Emmanuel Rosner downgraded General Motors Co. for the first time... — read more 

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| 860 views | | no replies yet
Post ID: @OP+14tSPUfN

Layoffs

I wonder if the below statement from Tim is assuming no layoffs until the end of 3rd quarter. At least China is producing vehicles again. "However, we believe we have sufficient cash today to get us through at least the end of the third... — read more 

Aerotek

Anyone employed with Aerotek aware of any news?

30 Percent of the Workforce hired by Marketsource

Ford does not care who they get rid of. If your division is Motorcraft Parts and not making the margin your job is cut. They hired a company Marketsource. The program director has no idea what he is doing. Marketsource lay offs and fire you. Most of... — read more 

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| 1250 views | | no replies yet
Post ID: @OP+14shore8

Terrible News on Residual Values

Ford Credit's exposure is higher than ever. https://finance.yahoo.com/news/fear-impending-car-price-collapse-110000556.html

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| 580 views | | no replies yet
Post ID: @OP+14sXcdOr

This will surely be a week to remember.

All was held back until after our invol. vacation and Easter weekend but all He$$ is about to break loose. Ford is hemorrhaging cash and to be fair Mr. Hackett has no choice. 20% salary cuts, furloughs, and 27 - 30+ folks are about to be shown the... — read more 

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| 3500 views | | 25 replies (last April 16, 2020)
Post ID: @OP+14s0C0uz

Useful Information

This site used to have some useful information but now it's a bunch of hateful jabs by people that cannot spell nor write complete sentences. Please stick to the point, folks. This is not about politics. You should be sharing topics about the... — read more 

Who's Next?

What department is going to be hit next? Any updates?

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| 620 views | | no replies yet
Post ID: @OP+14qPYqwD

Need a job...?

https://www.cnn.com/2020/04/08/business/coronavirus-cobol-programmers-new-jersey-trnd/index.html?fbclid=IwAR2hzJ3Y6pYM4Wzr7GFdSB6YNuVfRXQNU3nzWzNX9hsQw4GQJ-d0xZIZu7U

Unemployment for those who were "Redesigned"?

I was wondering if any of the people who were redesigned last year are eligible for unemployment after their 9 month severance is over? Anyone try yet? I'm at the 9 month mark and wondered.

To Be Fair.

Ford employees at Troy Design did a great job producing medical shields this week. Great job. Thank you. Still no excuse for the 3 Stooges taking those big bonuses. Remember boys, some people felt great a week ago, and today they are dead. How... — read more 

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| 720 views | | no replies yet
Post ID: @OP+14mXCiX3

Ford Agency Furloughs

Has any Agency personnel received a temporary layoff or furlough until further notice?

Open Office Design

When employees DO go back to the office, how are people going to handle the open office design in many buildings? They have people sitting so close to each other, there's just no way to prevent even the common cold from spreading.

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