https://www.google.ca/amp/s/www.thethings.com/struggles-ford-motor-company-is-facing-for-the-new-decade/amp/
If things get real bad Executives Will Get "Retention Bonuses"
During the great recession many LL4's and higher received retention bonuses in exchange for committing to stay with the company. If it all goes bad watch for it to happen again
Anyone want to share their bonus amounts or bonus range? Only interested in LL5+
I am curious what the bonus ranges look like for LL5 and above. They publish the GSR and LL6 amounts but have heard from many that the bonus amounts for LL4's especially is absurdly high - can't imagine what they are for LL3/LL2. I'm not... — read more
How does one become marked unrehirabe after he/she quits?
Can an LL6 spite a quitting employee by putting negative marks on their record?
Fantasy Opinion Pole re "The Hatchet"
Oh how I wish for a one question pole of active and recently retired or SRD'd employees. Dump the pulse feel good questions completely and ask, "on a scale of 1-10 (10 being best) please rate the performance and competence of CEO Jim Hackact over... — read more
Can anybody explain the toxic culture in some areas of Ford?
I noticed that there are some cliques of supervisors and managers who will be your enemy if you do not talk and walk like them.
Has anyone gone back as Agency or Purchased Service.
I would like to know if anyone has gone back as agency or purchased service since being let go via SIRP from the LL6 ranks? Do you know anyone who has gone back?
Who's going to "retire" now with all the recent recalls?
This company is sinking and sinking fast. Are they trying to lower the stock price to be bought out? The actions make no sense if they are trying to remain strong and independent.
Wrong Guy
There is no way on any planet that it makes sense Mr Hinrichs leaving Ford, on his own. He is not the guy who should be leaving. To say that Ford has a deep bench without him, is a clear miss because Mr Hinrichs was that deep bench. Rarely do you... — read more
Bye, Joe
https://www.freep.com/story/money/cars/ford/2020/02/10/ford-executive-joe-hinrichs-leaves-abruptly-amid-management-shakeup/4707768002/
Has anybody else noticed stuff like this?
Post SRD there has been a trickle of people disappearing from our department. All but one have been long time older employees. Two had recently had health issues and missed a lot of work. One we were told was behavioral related. The others no clue... — read more
Will they offer PRP this year?
I'm assuming there wont be any volunteer buy-outs. Does anyone have info on possible PRP's being offered this year?
Recommendations for new IT college graduate?
Hello, I know a handful of FCGs who left Ford after their FCG rotations for a company like Amazon or IBM. During their time, Ford paid for their master's degree and other certifications. As a soon-to-be graduate, is Ford a good place to start... — read more
Another Colossal waste of money
The Ford Credit building (the huge two story building adjacent to the World Headquarters in Dearborn) was filled with perfectly functional high walled cubicles. Jimbo decides to replace them with open office space with four to eight people crammed... — read more
30 Days < $1/share and those shares the Family has and their voting rights are worthless
Anyone else ever heard this. Truth or Myth?
Lump Sum Payout
Was planning on retiring this year anyway - hoping to hear of PRP or the one where they paid you 6 or 9 months. Since all of this news broke last week with the earnings and Henricks getting sacked I may just go in Monday and submit my papers online... — read more
Any current employees looking for jobs now after yesterday’s announcement?
I feel like there will be a mad dash of exits soon.
Timing Should Be Right for PRP
With all of the financials wheels falling off the cart at Ford it should be about the right time to offer the PRP. With a little luck they offer it don't get the #'s they need and sweeten the offer as they did in 18' when they rolled the "Enhanced... — read more
Mass Layoffs Incoming ?
https://www.wheelsjoint.com/global-car-sales-hit-the-brakes-mass-layoffs-by-nissan-and-ford/ Can this source be trusted?
Autoextremist Article about Farley...
The Autoextremist must be pretty riled up to post twice in one week... http://www.autoextremist.com/current/2020/2/3/fords-highway-to-hell.html
So we keep Humpty Dumpty and Chris Farley - but dump Hinrichs?
This is the beginning of the end.
What is going on is like Star Wars Ep 1-3
So after seeing some other posts about how leaders create artificial problems, I figured I would juice it up a notch. What is going on has many parallels to a Star Wars script. Let's start with Jimbo, member in good standing of the "good ole boys... — read more
Hinrichs takes one for the team....
Somebody had to, Hackett said he’s not going anywhere (we all wish he would go anywhere else).
Another one bites the dust - Hinrichs "retiring"
Too bad, as I'll miss Joe. Did not know him well, but have talked to him a couple of times, and seemed like a regular person. For you special young Hackett kids out there, when a senior executive suddenly "retires" , it is not do to age or health... — read more
Bonus For GSR
Does the target bonus % change when you move from GSR 6 to 7 or GSR 7 to 8 ? If yes then by how much.
FORD LOSES $1.7B IN 4THE QTR
Yep....Hackett's fix, fire more experienced workers, hire more college grads with no experience....and more worthless consultants to give bad advice. That will do it. Then make sure the employees sit through endless sessions where the executives wax... — read more
Ford's Operating Income Falls by Two-Thirds
I think the earnings were not to good :( "Ford Motor Co. (F) said fourth-quarter operating income sank by two-thirds, and it issued a lower-than-expected profit outlook for 2020, the latest signs of trouble for Chief Executive Jim Hackett's... — read more
Ford Smart Mobility Transformation Coaches
FSM is paying these contract jokers $10million/year to hold useless meetings, sit around and crack jokes, and contradict themselves. The head of the group at FSM talks in platitudes and for every hairbrained idea he throws out, he asks the attendees... — read more
Wonderful article in today's online WSJ - blames Ford (rightly) for the emissions mess
Here it is: https://www.wsj.com/articles/the-auto-industry-wanted-easier-environmental-rules-it-got-chaos-11580745826?mod=hp_lead_pos5 Know it is behind a paywall, so I will copy & paste just the headline and the sentence that follows: "The Auto... — read more
Tesla now worth more than Ford and GM combined
Market Cap and stock has taken off this year. Great earnings news today Tesla Inc. stock rallied 12% late Wednesday after the Silicon Valley car maker reported quarterly earnings that topped Wall Street views and set a goal to “comfortably” sell... — read more
Everything rises and falls, on Leadership. - John Maxwell
Its true. Not a slogan. Look around.
Ford needs to focus on quality and build what the customers want
If Ford can make a reliable automobile, then we would not be worried about who is driving a Ford. Unfortunately, that is not the case is it? No one wants to throw away their hardworking money into a piece of junk that cannot last 1 or 2 years... — read more
This is the lawsuit that's going to hurt...
Class action settlement has been revised. Instead of paying out $35 million MAXIMUM, now its $30 million minimum with NO CAP. There are over a million of these vehicles owned. Ford was Court-ordered to pay one owner $23,000 to buy the car back. Do... — read more
Sued Again
https://www.detroitnews.com/story/business/autos/ford/2019/06/27/fired-salaried-workers-sue-ford-age-discrimination/1582164001/
How many people work at Ford?
What's the biggest location, what's the overall employee count and how many employees work at Dearborn?
How do you think this will affect us?
https://www.cnbc.com/2020/01/23/ford-expects-2point2-billion-pretax-hit-due-to-pension-plans-in-q4.html
Creating Tomorrow Together - Anyone Attend?
Anyone attend the events at Creating Tomorrow Together? If so what did you think? Tell you what I thought. Management has become even more savvy to shed all accountability when poor decisions are made. Design thinking, more like be as vague as... — read more
Headcount Freeze
Headcount freeze coming soon. That's all I know.
Capped pensions
As of 1/1/2020 Ford capped pensions at a max 35 years. People with more tan 35 years service continued to accrue until 12/31/19. People who have yet to reach 35 years pension service will continue to accrue until they reach the 35 year... — read more
Do you know what our problem is?
Here, let me demonstrate: how many here drive Ford? I'm betting you the answer is not even half. And if you don't support the company that puts food on your table how do you expect others to do so?