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.
Thoughts on this new guy Gil?
What do people think of the new GDIA leader?
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?
There go the bonuses—to the lawyers
Do the math, the potential financial exposure exceeds Ford's market cap. Yet most of the responsible people still work here. Where’s the accountability on... — read more
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
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
Successful F-150 Launch needed
https://www.motorbiscuit.com/the-ford-f150-is-the-most-recalled-ford-vehicle-in-history/
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???
When will WCF realize this guy is the laughingstock of the industry?
More football nonsense and empty platitudes. This guy is beyond... — read more
$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.
Need global simple, reliable and affordable car; a car the average worker could afford
All over the world in emerging markets hundreds of thousands of people are fearful of public transportation and are hoping to buy their first car. Which car company will be ready to help these families?
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?
Ford is NOT a “Mobility” company, we are a vehicle manufacturer
There has not been a single “Mobility” project that has any hope of ever generating profits. People don’t want to buy vehicles knowing the goal is to track your every movement and sell that data. If we were focused on being the highest quality... — read more
"We are at our best when our backs are against the wall"
"Everyone says this about Ford" Jr. goes on to say Huh? If I had a dime for every time Jr. said this I'd bee retired years ago. Maybe they should get their backs up against the wall at the next launch.
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
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
Another Recall, Can't get out of our own way
https://www.wcvb.com/article/more-than-55000-ford-vehicles-recalled-due-to-gear-shifting-issue/32126429
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
Is Ford For Sale? (Forbes column)
https://www.forbes.com/sites/jimcollins/2020/04/13/is-ford-for-sale/#6271b3fe4394
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
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
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
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?
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.
Ford furloughs more UK workers
https://www.tekportal.net/ford-furloughs-more-uk-workers/
Ford is recalling more than 67,000 Ranger, F-150 and Expedition models
For those still following on recalls (unfortunately they do still happen)... — read more
Nice Earned Media For Ford
https://youtu.be/lbiGSulXRKs
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
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.
Life@ford
Updates on life@ford?