Black Friday for Ford?

[Pliablemoose]

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We're hearing from our sources that something's going down in Dearborn at Ford's PDC/Engineering center this upcoming Friday. All employees have been asked to be in the building for a meeting of an unknown nature. If the chit-chat from employees is any indication, the meeting's not because Alan Mulally's buying the entire team ice cream sandwiches. Unless "Black Friday" is some kind of euphemism for the really good ones coated in hard chocolate. But we doubt that.

While this rumor on timing is new to us, we'd also heard certain divisions on the white-collar side may be taking an across-the-board 15% pay cut. Hit the jump for the full tip, including a rumor that TRW Automotive plans to make a 10% reduction the day before.

Ford PDC/Engineering just rescheduled a meeting as all employees have to be in the building next Friday (27JN). The rumor is that it's a Black Friday, layoffs to happen.

I can confirm the rumor that TRW Automotive, at least Occupant Restraints North America division, is having a Black Thursday -and- likely a Black Friday. ~10% headcount reduction.

 

[sniperruff]

well, it's either less money or no money at all

 

[Bignate603]

If they didn't see this coming they haven't been following the news.

 

[iamwiz82]

The Detroit 3 is full of people (white and blue collar) who do as little as possible and just skirt along collecting paychecks. Something had to change. Seriously, a job at any of them was pretty much a guarantee that you could slack off the rest of your life. My Dad has some crazy stories; guys bringing beds into the cubicle farms to sleep every day, 3 hour lunches almost every day, people used to steal parts off the test cars. Something had to give.

 

[lurk3r]

Originally posted by: Pliablemoose
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Alan Mulally's buying the entire team ice cream sandwiches.

Sounds like their latest buyout offer

 

[JeffreyLebowski]

Originally posted by: lurk3r

Originally posted by: Pliablemoose
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Alan Mulally's buying the entire team ice cream sandwiches.

Sounds like their latest buyout offer

Shit, in any other industry you'd be lucky to get an ice cream sandwich when you got the boot. Either take a buy out whatever it is, or collect a paycheck for a few more weeks and wait for the company to fold and get nothing???

 

[ultimatebob]

Where I work, they would probably give you the good ice cream sandwiches and THEN lay you off.

<- works for big ice cream company

 

[Greenman]

Interesting. I just watched a Ford commercial offering employee pricing and 0% interest for 72 months. I'm tempted to buy a new truck and store it for a couple years until I need it.

 

[Chunkee]

Originally posted by: Greenman
Interesting. I just watched a Ford commercial offering employee pricing and 0% interest for 72 months. I'm tempted to buy a new truck and store it for a couple years until I need it.

Where did you see this? I have not seen anything, but have seen GM...but, not the good ones...just cars no one is buying.

JCoria

 

[Chunkee]

Originally posted by: Greenman
Interesting. I just watched a Ford commercial offering employee pricing and 0% interest for 72 months. I'm tempted to buy a new truck and store it for a couple years until I need it.

I think the Ford employee deal is for F150 trucks only.

JCoria

 

[Greenman]

Originally posted by: Chunkee

Originally posted by: Greenman
Interesting. I just watched a Ford commercial offering employee pricing and 0% interest for 72 months. I'm tempted to buy a new truck and store it for a couple years until I need it.

I think the Ford employee deal is for F150 trucks only.

JCoria

I think you're right. Still one hell of a deal though. Zero interest for six years is very hard to ignore.

 

[desy]

http://www.theautochannel.com/...2008/06/25/091117.html

Obviously Ford can make small cars as Chev and Dodge can.
Even if they sold limited quantities at a loss while they ramped up more economical NA production it could showcase their ability to produce economical cars people want.

They are competing with Toyota and Honda and Peugault and Citeron and Skoda in the European markets and UK and have a 20% market share