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Started By
Message
re: Ford CEO, “We’re not paying people $300,000 to work four days a week.”
Posted on 9/17/23 at 8:42 am to TDTOM
Posted on 9/17/23 at 8:42 am to TDTOM
quote:
Because they cannot afford it. Pension will drive them into bankruptcy……. again.
Priorities. Maybe some c-suite execs don’t need to earn $21 million in a single year while their average employee earns $75,000.
2
Posted on 9/17/23 at 8:44 am to Herooftheday
quote:
A pay raise will not drive them into bankruptcy.Tats not what did it the first time.
That is not what I said. Read again.
quote:
Remind us how well Ford EVs are doing that the government mandated?
They are set to lose $4.5B this year. Which only makes it harder to meet the proposed pension obligations as I originally stated.
This post was edited on 9/17/23 at 9:01 am
Posted on 9/17/23 at 8:49 am to 4cubbies
$29M……and $9.8M of which is cash comp….and about $2M of which is actual guaranteed salary. You know what that $29M means to each GM employee? $.08/hour. If you pay her nothing and distribute her compensation to each employee equally, they get a whopping $.08 raise. Imagine what it would look like if you simply took what she actually gets as a salary.
This post was edited on 9/17/23 at 8:55 am
Posted on 9/17/23 at 8:52 am to 4cubbies
quote:quote:No.
work 32 get paid for 40 is what they want correct?
God damn you’re legit retarded.
They want a reduction in hours to 32 hours a week. And they want a pay increase.
That would be paying them more money for less work.
Posted on 9/17/23 at 8:56 am to beerJeep
quote:
God damn you’re legit retarded.
Bless her heart. She thinks with her heart and not her head. It is a trait amongst the left when you are spending other people's money.
Posted on 9/17/23 at 9:00 am to TDTOM
I mean. She is technically right. Just not in the way she wants to be.
She’s right that they don’t want to work for 32 hours and get paid for 40.
They want to work for 32 hours and get paid for working MORE than 40 hours.
I fricking hate imbecile pinkos with zero understanding of financial literacy
She’s right that they don’t want to work for 32 hours and get paid for 40.
They want to work for 32 hours and get paid for working MORE than 40 hours.
I fricking hate imbecile pinkos with zero understanding of financial literacy
Posted on 9/17/23 at 9:07 am to beerJeep
quote:
I mean. She is technically right. Just not in the way she wants to be.
She’s right that they don’t want to work for 32 hours and get paid for 40.
I understand that. However, what will happen is they will realize that production is lagging. Therefore, they will need them to work that 5th day or more and pay them overtime.
Posted on 9/17/23 at 9:16 am to beerJeep
quote:
God damn you’re legit retarded. They want a reduction in hours to 32 hours a week. And they want a pay increase. That would be paying them more money for less work.
You (or whoever it was that posed the question of people wanting to be paid for 40 hours while working 32) didn’t say they wanted to be paid more for less work. You were specific about them wanting to be paid for working 40 hours without working 40 hours. That’s not what they want.
They want a higher wage and a shorter work week.
Who doesn’t want the same thing? What kind of masochists want to work more for less money? Oh, right. The geniuses on this board.
Posted on 9/17/23 at 9:42 am to 4cubbies
quote:
What kind of masochists want to work more for less money?
Who suggested that?
quote:Says the chick thinking the above.
The geniuses on this board.
Posted on 9/17/23 at 9:48 am to 4cubbies
Seems like a lot of jealousy is the main reason people don't want this. Ford had a net profit over last 4 quarters around 4 billion dollars over last 4 quarters....I'm pretty sure they can afford it....
Posted on 9/17/23 at 9:50 am to oklahogjr
quote:
Ford had a net profit over last 4 quarters around 4 billion dollars over last 4 quarters....I'm pretty sure they can afford it....
And when they don't? You realize the last 4 years are not the norm, right?
Posted on 9/17/23 at 9:59 am to TDTOM
quote:
Revenue increases 12% year-over-year to $45 billion; net income ($1.9 billion) and adjusted EBIT ($3.8 billion) also higher; cash and liquidity persistently strong
Appeal of Ford Pro to commercial customers produces 22% revenue growth; EBIT more than doubles to $2.4 billion, a 15% margin; software, repair services sales up
Ford Blue gas and hybrid business posts higher wholesales and revenue, reports $2.3 billion in EBIT; all-new global Ranger pickup even more popular, profitable
Ford Model e revenue up 39%; scaling, competitive pricing further establishing leadership ahead of industry’s next-generation EVs; now expecting to reach 600K run rate in 2024
Company raises full-year 2023 guidance for adjusted EBIT to between $11 billion and $12 billion, and for adjusted free cash flow to between $6.5 billion and $7 billion
this is a press release on ford for 2023.......Why not ask for the raise now? sounds like things are looking up and they've found this type or raise elsewhere in the company too..... also it's a negotiation, didn't trump teach yall how those work? you never ask for what you'll settle for.... ask for all of it plus some and then work backwards
Posted on 9/17/23 at 10:03 am to oklahogjr
quote:
Ford Motor net income for the twelve months ending June 30, 2023 was $4.136B, a 64.56% decline year-over-year. Ford Motor annual net income for 2022 was $-1.981B, a 111.04% decline from 2021. Ford Motor annual net income for 2021 was $17.937B, a 1502.42% decline from 2020.
I have already said give them a 5-6%/year raise over the next 4 years. Pensions are a no go.
This post was edited on 9/17/23 at 10:11 am
Posted on 9/17/23 at 10:08 am to 4cubbies
quote:Works out to $156/yr per employee.
Priorities. Maybe some c-suite execs don’t need to earn $21 million in a single year while their average employee earns $75,000.
Or about $0.08/hr on a 40 hour workweek. Let's see how long Ford lasts without a CEO but paying workers an extra $0.08/hr.
This post was edited on 9/17/23 at 4:16 pm
Posted on 9/17/23 at 10:18 am to Herooftheday
quote:I don’t think that’s the case. My opinion is it’s stupid because I know the end customer will eat all these costs. Vehicles that are overpriced will eventually be even more overpriced.
Good for them. I can't believe all the bleeding hearts around here for these big businesses
Posted on 9/17/23 at 10:24 am to Herooftheday
quote:
You must get raked over hard by your employer to be so bitter
Ha, quite the opposite. I’m bitter about paying high school dropout 3-time-divorcee retards six figures for a job that office people are literally…literally… trained to do in a day. As in, guess who runs the plant when the union tards walk out?
This post was edited on 9/17/23 at 2:12 pm
Posted on 9/17/23 at 10:30 am to oklahogjr
quote:
Seems like a lot of jealousy is the main reason people don't want this. Ford had a net profit over last 4 quarters around 4 billion dollars over last 4 quarters....I'm pretty sure they can afford it....
Their argument is essentially “If I can’t have a pension, no one can!”
Posted on 9/17/23 at 10:31 am to Taxing Authority
quote:
Works out to $156/yr per employee. Or about $0.08/hr on a 40 hour workweek
Wouldn’t it make more sense to invest half of that to pay out future pensions?
Posted on 9/17/23 at 10:31 am to 4cubbies
Again who claimed that.
Posted on 9/17/23 at 10:32 am to 4cubbies
I doubt any of the workers want to work less. They probably just want overtime to kick in after 32 hours. So they probably want an hourly increase and then want their premium pay calculated differently.
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