GM's white-collar job cuts: Who's out, what layoff process looks like - Ford Inside News Community
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post #1 of 4 (permalink) Old 02-08-2019, 09:55 AM Thread Starter
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GM's white-collar job cuts: Who's out, what layoff process looks like

https://www.freep.com/story/money/ca...ay/2778167002/


"GM was in the second day Tuesday of massive salaried job cuts across its North American offices, targeting about 4,000 workers as part of a restructuring plan that includes indefinitely idling five factories where about 6,200 jobs are affected. Those in GM's salaried ranks described the atmosphere as "awful," with tensions high. In a photo sent to the Free Press, workers in an Austin, Texas, office stand in their cubicles watching as colleagues selected for layoff are walked out."



Additionally, what is not mentioned in this article, is that the many who were called into HR (1,300 will be losing their jobs in Warren Tech plant alone) showed up to work and there was a parking lot filled with Metro cars to drive home those who were let go, after having to hand over their computers, cell phones and company car keys. The mood, according to a friend of mine, is just awful. I have lived through very similar, and it is my hope that Ford handles their “Smart Restructuring” in a much more humane way. Mary Barra, with her $23M salary or twice what Toyota’s CEO makes, does not impress me as giving a crap about her employees. Here at Ford, we have fairly regular (every few weeks) meetings with our leaders, who update us on the entire process, which will be completed in March. Yogi Barra gave their employees very little warning. Or so I heard.
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post #2 of 4 (permalink) Old 02-08-2019, 03:17 PM
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Re: GM's white-collar job cuts: Who's out, what layoff process looks like

I was working as an Engineer at the Livonia Transmission plant in 2007 when Ford was cleaning house. I was 57 at the time with 15 years at Ford. Based on my age and years of service I was qualified to accept the buyout which was one years salary (rolled over into my 401k) plus collecting my pension with an additional bridge allowance until age 62. Although my pension is small with only 15 years of service, my wife and I didn't want to deal with the crappy weather in Michigan and we already had a house in Scottsdale to move to, so I gladly accepted the buyout. Ford got more people than expected with the buyouts, and even rejected some of them. Even my boss took the buyout. He had 35 years so he walked away with a sweet pension and went to work for Getrag. Have never regretted my decision, and if I want to see snow, it's only an hours drive north!
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post #3 of 4 (permalink) Old 02-13-2019, 12:42 AM
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Re: GM's white-collar job cuts: Who's out, what layoff process looks like

There will be more job cuts, layoffs and buyouts in the near future as more and more Americans get priced out of the new SUV/truck markets. Unfortunately, "smart restructuring" is coming to Ford as well.

I got out of the new car market long ago and haven't bought a new vehicle since 1978. I found that the used and CPO markets offer quality vehicles at affordable prices and I happily avoid paying megabucks for the latest features (I can even get a car with RWD and a manual transmission!). I also drive my cars well into 6 digits. I am not alone and those strategies are trending up. That cannot bode well for auto companies that have tilted toward high-margin models.

Working people may be experiencing full employment now but they have also experienced stagnant wages for three decades. Product decisions that placate Wall Street have made new passenger vehicles less and less affordable to more and more people. Ford made profits on cars but not enough to satisfy their masters and the Ford family shareholders so low margins of profit are no longer good enough to keep the gravy train rolling. By gearing up to produce fewer vehicles at higher prices, Ford runs the risk of driving down a dead-end street. No wonder heads are rolling at headquarters.

Meanwhile, Ford is riding high with their expensive trucks flying out of the showrooms and no end in sight for this rush toward the high-end. The short-term looks good with Ranger on the street and Bronco on the horizon. Thinking long-term recalls that the boom-bust cycle in our economy is a feature, not a bug; it has been around for a couple-a-hundred years. Optimism is good. That's what makes the wheels go round. But when the wheels slow down, it's always the working stiff - blue or white collar - who gets laid off, not upper management and not shareholders.
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post #4 of 4 (permalink) Old 02-13-2019, 08:24 AM
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Originally Posted by glyphics View Post
There will be more job cuts, layoffs and buyouts in the near future as more and more Americans get priced out of the new SUV/truck markets. Unfortunately, "smart restructuring" is coming to Ford as well.

I got out of the new car market long ago and haven't bought a new vehicle since 1978. I found that the used and CPO markets offer quality vehicles at affordable prices and I happily avoid paying megabucks for the latest features (I can even get a car with RWD and a manual transmission!). I also drive my cars well into 6 digits. I am not alone and those strategies are trending up. That cannot bode well for auto companies that have tilted toward high-margin models.

Working people may be experiencing full employment now but they have also experienced stagnant wages for three decades. Product decisions that placate Wall Street have made new passenger vehicles less and less affordable to more and more people. Ford made profits on cars but not enough to satisfy their masters and the Ford family shareholders so low margins of profit are no longer good enough to keep the gravy train rolling. By gearing up to produce fewer vehicles at higher prices, Ford runs the risk of driving down a dead-end street. No wonder heads are rolling at headquarters.

Meanwhile, Ford is riding high with their expensive trucks flying out of the showrooms and no end in sight for this rush toward the high-end. The short-term looks good with Ranger on the street and Bronco on the horizon. Thinking long-term recalls that the boom-bust cycle in our economy is a feature, not a bug; it has been around for a couple-a-hundred years. Optimism is good. That's what makes the wheels go round. But when the wheels slow down, it's always the working stiff - blue or white collar - who gets laid off, not upper management and not shareholders.
...this is why I think transpo moves to a service model. Very few people don’t need big ass trucks. Those who do will keep sec179ing them, no worries. The suburban dad/mom will have to find another way. People just need to adapt. I have a tiny commuter; wife has a bigger car for trips. But, honestly if companies provided access to larger vehicles easily, like someone shows up at your house and trades out, we could simply roll with 2 smaller cars. Auto companies need to get more creative and think of their vehicles as a service rather than a good.
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