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Post by cobra8 on Mar 26, 2020 10:43:54 GMT -5
www.cnbc.com/2020/03/26/coronavirus-ford-warns-of-potential-job-cuts-to-defer-some-salaries.htmlKEY POINTS Ford CEO Jim Hackett warned employees that “tougher actions” such as job cuts could be needed depending on the severity and length of the coronavirus pandemic. He said the automaker’s goal remains “to manage through the crisis without eliminating Ford jobs.” Ford’s top 300 executives will defer 20% to 50% of their salaries for at least five months as it attempts to manage through the coronavirus pandemic
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Post by 2011tier2 on Mar 26, 2020 11:51:52 GMT -5
I’m not “liking” the potential job cuts, but more so the top execs willing to sacrifice some pay as well. It says a lot if they actually do follow thru with that. I’m already reading of several billionaires furloughing tons of employees during this crisis.
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Post by Ex-metalman on Mar 26, 2020 11:55:24 GMT -5
I’m thinking Buyouts will government cash to get the 25 plus guys out leaving lower paid workers
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Post by cal50 on Mar 26, 2020 12:50:47 GMT -5
The 1st job cut should be the CEO.
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Post by nra4life on Mar 26, 2020 12:57:00 GMT -5
I’m not “liking” the potential job cuts, but more so the top execs willing to sacrifice some pay as well. It says a lot if they actually do follow thru with that. I’m already reading of several billionaires furloughing tons of employees during this crisis. They aren’t sacrificing a dime, read the small print, they are DEFERRING pay. They will receive tons of bonuses and some of the garbage stock for their “sacrifice”. Could do without 75% of them and get along just fine, but don’t believe for a second they are doing anything for free or out of the goodness of their heart.
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Post by tiger66 on Mar 26, 2020 13:34:50 GMT -5
The 1st job cut should be the CEO. Amen brother. Bad hire from the start.
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