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Does anyone know the formula to calculate what the lumpsum would be after the interest rate reset ? I have IRS segment rates for June and the mortality rate for 2023 just need the formula to complete the calculations. Thanks

Does anyone know what the policy is for a retirement cake? My 30th I got to invite 6-8 to lunch. Like $200 worth. 200x8000=$1.6M I wonder if they accounted for that savings?

Do you expect to see packages for retirement eligible employees first? I’m 27 years in and just turned 60. Will likely go if 6 months or more is offered. If not, I will likely see how things play out. I was going to stay another couple years, but... — read more 

I have at least 8000 reasons this doesn’t make sense. Self aggrandizing leadership wins the day. Ford CEO Jim Farley has been on a roll in terms of accumulating accolades from various organizations in recent months, including being named... — read more 

Is it true?

Ford taking more money from the government while promising job creation. From deadlinedetroit “The long-abandoned Michigan Central Station in Detroit's Corktown is undergoing a major renovation. Now, to compliment that, the city of Detroit is... — read more 

Asking for a friend. GM? Stellantis? Tesla? Rivian? Lordstown? Nissan? Toyota? Honda? Whats the best bet?

If you have been helping India get your jobs, count yourself in the 8K bucket. Don't think for once F will be keeping you.

Expect 2,200 to 2,400 heads, remember Ford has quietly terminated around 1,400 people over the last eight months. That will get Farley close to his goal of 4,000. Then they will wait to see how many GRP employees retire before year end to take the... — read more 

Ford has thousands of agency employees and purchase service employees, what is going to happen to them during the next few weeks?

From Deadline Detroit: Supposedly as one ages one’s memory goes south, so I’m delighted the old noggin is still functioning a lot better than the legion of faulty Ford vehicles endangering U.S. and Canadian roads. Reading this Bloomberg exclusive... — read more 

You'll achieve nothing by focusing on the coming layoffs 24/7. Think of it as a positive thing. You were warned in advance and now you have a chance to prepare properly in case your name ends up on that list. I'd gladly and gratefully take that over... — read more 

Is this true? I heard it was all in IT??

There's no earthly way of knowing Which direction we are going There's no knowing where we're rowing Or which way the river's flowing Is it raining, is it snowing Is a hurricane a-blowing Not a speck of light is showing So the danger must be... — read more 

Plenty of Fortune 500 and large companies have gone out of business because they failed to make the changes necessary before going obsolete. Kodak, Polaroid, Sears, etc. - just to name a few. This is tough for the people being laid off, but it needs... — read more 

If I survive these cuts, I will try to get out of here as soon as possible. How do we call the plan to cut 8,000 jobs: repositioning for the recession or pure greed? For me it's pure greed.

Great article! https://www.wsj.com/articles/the-false-green-jobs-promise-ford-electric-vehicles-jim-farley-layoffs-11658429350

From Ford Authority. New EV suppliers identified. Note Ford offers non-binding memo’s of understanding to launch large capital investments by supply base. What about ICE platform suppliers who will never see the volumes “projected” when bid to... — read more 

It would be interesting to see the demographics of the 31000 employees.. 2 groups.... GRP (General Retirement Plan - 30 yrs) and FRP (Ford Retirement Plan -401K Based no Everybody hired after Jan1 2004 is FRP and there is no 30 yr milestone.. ... — read more 

With all of the ICE problems over the past 10-years, its no surprise, many did not show-up for work today.

You can't control whether they will keep you or not. Pity parties should only last for an hour or two. Fretting for days, weeks etc doesn't accomplish anything productive. Assume you will be let go and take action NOW. It really is as simple as... — read more 

From autoextremist.com reader mail “ I'm inside and I can see the problem as large as life. It's the culture. The person above you on the org chart is infallible; the one above them is a god. You never question a decision made above your position... — read more 

Some of WFH PDC people are working on nothing for past 3 years. Have anyone wondered what are next gen programs in pipeline?

Free press article today. See, Ford is hiring! Cutting some, but still hiring.

Farley is scheduled to be honored as the 2022 industry leader at the Automotive Hall of Fame dinner in Detroit Thursday. Go picket at the dinner, like they do over SCOTUS rulings. The 2022 Induction & Awards Ceremony will be held July 21, 6 –... — read more 

https://www.freep.com/story/news/politics/2022/06/23/michigan-senate-incentive-ford/7705065001/ Michigan Senate approves $100 million incentive for Ford, clearing last legislative hurdle Dave Boucher Detroit Free Press A more than $100 million... — read more 

I was a Ford employee over 10 years ago. It was a nice and comfortable job and I left when I wanted to work for a company that did something instead of being an employee who was in line for a pension plan. From what I have heard, Ford hasn't changed... — read more 

Let’s be clear here, people. These are firings not layoffs.

What is worse, loosing your job or being left behind to make up for the knowledge that leaves? Leadership has no plan for meeting those gaps and will hold us accountable when we can't fill the gap.

I'm thinking their goal with leaking this info ahead of the actual layoffs is to push people to start finding ways to leave before it even happens because they're worried they'll be affected. I'm not doing that. Why save them money? I'm perfectly... — read more 

For what it's worth.. https://www.wsj.com/articles/ford-plans-to-cut-several-thousand-salaried-jobs-sources-say-11658356221 Ford Motor Co. is planning to cut several thousand white-collar workers as it looks to trim costs to position the company... — read more 

Multiple cuts this year for salary. Downsizing and reorgs for the 4th or 5th year in a row. This is not affecting the UAW. Perhaps it's time we finally join them and stop being bullied from upper management.

Now that we have been made aware that we on the Blue team are only here to finance the lives of luxury and zero accountability for those on the Model E team, I will no longer do anything to assist Model E. I sold all my stock, have enough savings and... — read more 

I feel better now. Carry on.

UP TO 8000... UP TO. Retailers use the same language when advertising sales, merchandise marked down UP TO 75% OFF!!! Yeah, they have two items marked down to 75% and everything else is 5 -10%. There can be anywhere from 1 to 8000 cuts. Still... — read more