Thread regarding Ford layoffs

Expect more cutting

https://www.yahoo.com/finance/news/ford-sees-1-5-billion-112039930.html

(Reuters) - Ford Motor Co expects to take up restructuring charges between $1.5 billion and $2 billion in 2023, it said in a regulatory filing on Wednesday, as part of the U.S. automaker's move to exit unprofitable locations and cut headcount.

The charges will be primarily attributable to "employee separations and supplier settlements," the automaker said, adding additional restructuring actions may be taken "where a path to sustained profitability is not feasible when considering the capital allocation required for those businesses."

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| 3692 views | | 22 replies (last May 5, 2023) | Reply
Post ID: @OP+1mrA64JE

22 replies (most recent on top)

@2hrr+1mrA64JE The most likely scenario

  • you will be laid off from Ford within the next 3 years
  • you will then have multiple unfulfilling short term contracting gigs
  • before calling it quits and retiring

If you take the bull by the horns and find other full time employment before your early 50s, you can have a rewarding second career at your new company

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Post ID: @2epz+1mrA64JE

@2hrr+1mrA64JE. Hope for what? Getting promoted, or making it to retirement? Slim chances for both.

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Post ID: @2dzd+1mrA64JE

Ford will never, i repeat Ford will never catch Tesla. Don't even try, admit defeat and close your doors. No one except a businees can afford an f 150 so basically the company is toast.........Since you announced your green direction its Honda, and Toyota for me, my family, friends, neighbors, and any stranger that is willing to listen to the horror stories associated with ford products. Again, just like bud lite, GO WOKE......GO BROKE.....LOL!

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Post ID: @2abw+1mrA64JE

@1drm+1mrA64JE "Ford is announcing changes in America", yes well Ford of Mexico Engineering Center is "America". Why did they build that if they intend to keep it in the USA?

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Post ID: @2fog+1mrA64JE

22 years and still a GSR employee. Any hopes?

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Post ID: @2hrr+1mrA64JE

Tesla has one fifth of Ford's White-Collar clerks (engineers et al) and a tenth of Ford's Blue-Collar employees (non-UAW people). Tesla is nor burdened by Purchasing policies (friends and family suppliers) nor their design reviews are as cumbersome as Ford's (and Ford still has recalls due to overlooked design / mfg / a-s'y issues) Tesla does not have as many LL6 / LL5 / LL4 / Chief Eng / Directors / VP / Executive Directors as Ford's. Jimmy, Billy Boy, Kumar, Chuckie Cheese, etc. are in the same league as Musk.
No way Ford will be ever cost competitive as Tesla with all deadwood in their servant leadership ranks.
Douggie is realizing the hard way that he needs to get rid of Purchasing, PTME, VO's and at least 75% of leadership positions so EV business can at least break even.

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Post ID: @1auc+1mrA64JE

If GM spent $1B for the buyout of 5,000 employees, then Ford is looking for a similar outcome, probably more.

Now, the company is saying 1 in 9 employees of Ford Europe are going to lose their jobs, which roughly matches the 3,800 layoffs announced earlier. Still, this number is below the 5k of GM. At the same time, Ford is announcing "changes" in India and Brazil, and concentrating engineering in America.

It would seem that no layoffs will affect the US workforce. Right? However, I don't trust the ba----ds in the C-suite. Why haven't they given the all clear? Many of my American coworkers are worried, even myself, with the prospects of more layoffs this year.

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Post ID: @1drm+1mrA64JE

https://www.sec.gov/Archives/edgar/data/37996/000110465923055155/tm2314163d1_ex-filingfees.htm

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Post ID: @1uwk+1mrA64JE

You just know they're going to target older white male employees and then older white female employees...

Congrats yo all you Diversity hires...

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Post ID: @ayc+1mrA64JE

More jobs and business going to Mexico these days. Mexico is the new Shyna.

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Post ID: @adc+1mrA64JE

@ofm+1mrA64JE If you have to ask, don’t attempt it. These people have practiced manipulation, back-stabbing, credit stealing since early childhood. If you step onto their playground you will be at best severely maimed at worse cooked and served for dinner

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Post ID: @plz+1mrA64JE

No seriously, what are some tips and tricks to get into the friends and family plan?

I have only done the "become a solid gsr worker" and I'm still on the outside looking in.

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Post ID: @ofm+1mrA64JE

Farley continues to fail. He failed at Toyota/ Scion, he failed when brought in to market Ford vehicles and has destroyed what was a good company hiring unqualified fakes and rejects. Investors are well aware and the stock as well as the public's confidence continue to decline. What was disgraceful is now criminal as jobs are offshored and partnerships are made with questionable choices.

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Post ID: @yre+1mrA64JE

We are still hiring......and have alot of deadwood pretenders and posers..

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Post ID: @iwb+1mrA64JE

GMs cost is actually $1B.

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Post ID: @fmf+1mrA64JE

GM’s voluntary cost an estimated $2B for 5k employees

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Post ID: @lyd+1mrA64JE

As usual, it's nice to hear it from the press first.

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Post ID: @svn+1mrA64JE

Any advice how I can become a member of the "friends and family" plan?

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Post ID: @xbi+1mrA64JE

Wait one minute! Uncle Joe will bail out the UAW so jobs and wages will preserved and he gets their votes!

Problem solved and more tax dollars to be gifted for EV purchases.

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Post ID: @qfq+1mrA64JE

Get ready all you hard workers. You will be shown the door, while the w suckers still remain and feel entitled.

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Post ID: @sxj+1mrA64JE

They are being specific about Ford Blue as well and shifting more investment into the Model e money pit. But honestly we’ve cut some much staff, the business plans will have to start getting cut if they really are serious about turning around quality. Which they are not….despite the platitudes…

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Post ID: @hwb+1mrA64JE

Shocker.

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Post ID: @orl+1mrA64JE

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