imageneral Posted December 22, 2010 Share Posted December 22, 2010 Ok...its been a few weeks and I have been waiting for someone to start the topic. Anyone hearing anything?? Quote Link to comment Share on other sites More sharing options...
SU-FI Posted December 22, 2010 Share Posted December 22, 2010 Ok...its been a few weeks and I have been waiting for someone to start the topic. Anyone hearing anything?? This has already been discussed. here's what was said: "you wont get one because the company will find a creative way to screw you" and "we are looking at about 10-11k for people with 60k of eligible pay" Quote Link to comment Share on other sites More sharing options...
oap2ktpvet Posted December 22, 2010 Share Posted December 22, 2010 I heard FORD is investing in Thailand with its profits!!! I look for Ford to reinvest etc. keep profit sharing down. I wouldn't mind a big fat check though! Quote Link to comment Share on other sites More sharing options...
deflep71 Posted January 6, 2011 Share Posted January 6, 2011 Keep hearing 10,000....also keep hearing the company is embarrassed to give that much and is looking for creative ways to get out of it. Quote Link to comment Share on other sites More sharing options...
Twincam Harley Posted January 6, 2011 Share Posted January 6, 2011 No one can possibly know until at minimum, the 4th quarter earnings results are announced. 4 Quote Link to comment Share on other sites More sharing options...
lquidspine Posted January 6, 2011 Share Posted January 6, 2011 No one can possibly know until at minimum, the 4th quarter earnings results are announced. And when they are posted we will get a profit sharing based on the formula set forth in our 2007 CBA, the first or second Wednesday in March. 3 Quote Link to comment Share on other sites More sharing options...
kcman23 Posted January 6, 2011 Share Posted January 6, 2011 No one can possibly know until at minimum, the 4th quarter earnings results are announced. I believe the fiscal year on profit sharing goes from Oct to Oct! :shades: Quote Link to comment Share on other sites More sharing options...
hdw1 Posted January 6, 2011 Share Posted January 6, 2011 In the employee benefits manual page 283 "Any Profit Sharing payment for the Plan year will be made by March 15 of the following year" 2 Quote Link to comment Share on other sites More sharing options...
messy marvin lang Posted January 6, 2011 Share Posted January 6, 2011 I believe the fiscal year on profit sharing goes from Oct to Oct! :shades: Wrong...it will be announced along with 4th quarter results which ended dec 31. 1 Quote Link to comment Share on other sites More sharing options...
EdselBryantFord Posted January 6, 2011 Share Posted January 6, 2011 Keep hearing 10,000....also keep hearing the company is embarrassed to give that much and is looking for creative ways to get out of it. they do have a lot of bean counters and there is many ways to count the beans! Im betting that they pay down some debt, VEBA contribution, specail one time charges, and when you calculate your pay that is eligable we will still get a check, but not 10k !! maybe 3k 1 Quote Link to comment Share on other sites More sharing options...
FiredMotorCompany Posted January 6, 2011 Share Posted January 6, 2011 they do have a lot of bean counters and there is many ways to count the beans! Im betting that they pay down some debt, VEBA contribution, specail one time charges, and when you calculate your pay that is eligable we will still get a check, but not 10k !! maybe 3k Does that mean I will have to cancel that 2011 S.E. Harley Ultra I ordered for March delivery? Quote Link to comment Share on other sites More sharing options...
Grandmaster B Posted January 7, 2011 Share Posted January 7, 2011 they do have a lot of bean counters and there is many ways to count the beans! Im betting that they pay down some debt, VEBA contribution, specail one time charges, and when you calculate your pay that is eligable we will still get a check, but not 10k !! maybe 3k Question? If they were going to pay down debt, and make a contribution to the VEBA, and the "special one time charge" would'nt they have to do that BEFORE the new year? Just asking. Quote Link to comment Share on other sites More sharing options...
Grandmaster B Posted January 7, 2011 Share Posted January 7, 2011 Keep hearing 10,000....also keep hearing the company is embarrassed to give that much and is looking for creative ways to get out of it. This is what were hearing at Sterling. Quote Link to comment Share on other sites More sharing options...
fordd Posted January 7, 2011 Share Posted January 7, 2011 This is what were hearing at Sterling. All the things that people are "hearing" do not mean anything because 4th quarter results have not been announced yet. How can anyone know anything without all the information? 1 Quote Link to comment Share on other sites More sharing options...
Stugots Posted January 7, 2011 Share Posted January 7, 2011 Because people like to gossip and speculate. 1 Quote Link to comment Share on other sites More sharing options...
EdselBryantFord Posted January 7, 2011 Share Posted January 7, 2011 Does that mean I will have to cancel that 2011 S.E. Harley Ultra I ordered for March delivery? no you'll just have to settle for a focus Harley edition, with payments! 1 Quote Link to comment Share on other sites More sharing options...
duanesz Posted January 8, 2011 Share Posted January 8, 2011 Well I talked to my neighbor and his sisters neighbors friend knows somebody and he said we will be rich on march 15th. 1 Quote Link to comment Share on other sites More sharing options...
228electrician Posted January 8, 2011 Share Posted January 8, 2011 This is what were hearing at Sterling. 2 guys running around the plant spreading that rumor for the past month now, thats why everyone has heard the same rumor,,,, below is the rumor, same as you heard? they don't want to give us 11g, so they are gonna give us 5-6 g at profit sharing time, than later give us another 5-6g to settle the lawsuit the UAW has with Ford for giving salaried bonuses right after taking stuff away from UAW workers. After this profit sharing, ford would be smart to create an incentive program like they have at steel plants, that would pay us extra when sales are high, but pay us less when sales are low, that way they can get away from giving us raises that hurt them during recessions, but more people would be working, even thou its for less, instead of laying off people to save money. Quote Link to comment Share on other sites More sharing options...
louie Posted January 8, 2011 Share Posted January 8, 2011 2 guys running around the plant spreading that rumor for the past month now, thats why everyone has heard the same rumor,,,, below is the rumor, same as you heard? they don't want to give us 11g, so they are gonna give us 5-6 g at profit sharing time, than later give us another 5-6g to settle the lawsuit the UAW has with Ford for giving salaried bonuses right after taking stuff away from UAW workers. After this profit sharing, ford would be smart to create an incentive program like they have at steel plants, that would pay us extra when sales are high, but pay us less when sales are low, that way they can get away from giving us raises that hurt them during recessions, but more people would be working, even thou its for less, instead of laying off people to save money. People are always looking for a negative. The profit sharing plan is simple accounting. No shell game, no gimmicks. The company will come out with the average payout. IUAW legal will provide their results then a mutual 3rd party CPA will verify the actual results. Why people spread rumors without getting facts is not becoming of a good union member. Actually hatchetts do this type of chicken little playground tactics around elections. Quote Link to comment Share on other sites More sharing options...
Grandmaster B Posted January 8, 2011 Share Posted January 8, 2011 2 guys running around the plant spreading that rumor for the past month now, thats why everyone has heard the same rumor,,,, below is the rumor, same as you heard? they don't want to give us 11g, so they are gonna give us 5-6 g at profit sharing time, than later give us another 5-6g to settle the lawsuit the UAW has with Ford for giving salaried bonuses right after taking stuff away from UAW workers. Have not heard this one yet, just the rumor that their accountants are doing everything possible to keep it under 10k. After this profit sharing, ford would be smart to create an incentive program like they have at steel plants, that would pay us extra when sales are high, but pay us less when sales are low, that way they can get away from giving us raises that hurt them during recessions, but more people would be working, even thou its for less, instead of laying off people to save money. Quote Link to comment Share on other sites More sharing options...
mikem12 Posted January 8, 2011 Share Posted January 8, 2011 Ok...its been a few weeks and I have been waiting for someone to start the topic. Anyone hearing anything?? I have heard 7.8% of all straight time hours. That is the amount you will to pay the Company if you want to keep working. (wink) Quote Link to comment Share on other sites More sharing options...
stampman Posted January 9, 2011 Share Posted January 9, 2011 Sorry to break anyone's bubble but if you and your friends and families believed you were in a recession for the last 6 months then your all stupid and have no clue as to how the media works. First of all, we have not been in a recession. Big corporate and the media wants you to believe this because every so many years this country needs a reset button in the world market. With that known to be true and many annalists will say this, many large companies will downsize and they will need the media like Fox news to bring forth this message of a ressession. Without the media the corporate world can't successfully convince the public at large about it and therefore wouldn't be able to justify why they lay off, terminate or downsize or even negotiate with unions. The media has blinded everyone and brainwashed everyone into this thinking. You can respond back saying "why do we have a large unemployment rate", but it's simply due to "large" businesses putting everyone out of work to fill their own pockets of greed to the top. Everyone needs to wake up, don't buy into "everything's is bad" bullshit. The real reason why people can't get loans from banks is because they simply don't want to give them because they are making too much money on everyone's interest rates and everyone's foreclosures and auto repos. There is no real bank regulation in Washington and until there is, they banks are going to always run this country. Shape up America, or Ship out! You are a moron! 1 Quote Link to comment Share on other sites More sharing options...
messy marvin lang Posted January 9, 2011 Share Posted January 9, 2011 (edited) Sorry to break anyone's bubble but if you and your friends and families believed you were in a recession for the last 6 months then your all stupid and have no clue as to how the media works. First of all, we have not been in a recession. Big corporate and the media wants you to believe this because every so many years this country needs a reset button in the world market. With that known to be true and many annalists will say this, many large companies will downsize and they will need the media like Fox news to bring forth this message of a ressession. Without the media the corporate world can't successfully convince the public at large about it and therefore wouldn't be able to justify why they lay off, terminate or downsize or even negotiate with unions. The media has blinded everyone and brainwashed everyone into this thinking. You can respond back saying "why do we have a large unemployment rate", but it's simply due to "large" businesses putting everyone out of work to fill their own pockets of greed to the top. Everyone needs to wake up, don't buy into "everything's is bad" bullshit. The real reason why people can't get loans from banks is because they simply don't want to give them because they are making too much money on everyone's interest rates and everyone's foreclosures and auto repos. There is no real bank regulation in Washington and until there is, they banks are going to always run this country. Shape up America, or Ship out! Use the auto industry as an example...It was selling almost 16.5 million vehicles before your so called fake recession. Now it is on pace to sell maybe 11 million...those numbers dont lie they add up to a major recession. I could go through the same type of examples in otherr industrys. Though I do agree that the networks can convince people of anything real or not Sorry Chuck think your wrong here Edited January 9, 2011 by messy marvin lang Quote Link to comment Share on other sites More sharing options...
messy marvin lang Posted January 9, 2011 Share Posted January 9, 2011 Sorry to break anyone's bubble but if you and your friends and families believed you were in a recession for the last 6 months then your all stupid and have no clue as to how the media works. First of all, we have not been in a recession. Big corporate and the media wants you to believe this because every so many years this country needs a reset button in the world market. With that known to be true and many annalists will say this, many large companies will downsize and they will need the media like Fox news to bring forth this message of a ressession. Without the media the corporate world can't successfully convince the public at large about it and therefore wouldn't be able to justify why they lay off, terminate or downsize or even negotiate with unions. The media has blinded everyone and brainwashed everyone into this thinking. You can respond back saying "why do we have a large unemployment rate", but it's simply due to "large" businesses putting everyone out of work to fill their own pockets of greed to the top. Everyone needs to wake up, don't buy into "everything's is bad" bullshit. The real reason why people can't get loans from banks is because they simply don't want to give them because they are making too much money on everyone's interest rates and everyone's foreclosures and auto repos. There is no real bank regulation in Washington and until there is, they banks are going to always run this country. Shape up America, or Ship out! How are the banks making money on foreclosures seeing that A. housing values are WAY below what they were when they originally loaned you the money and when many refinanced and took out equity that wasnt there you AND the bank went even more upside down in your house. B. If as a bank you reposess a house(foreclose) you have to sell it at an auction or whatever to get whatever small amount is left of the original amount you loaned the person who bought and refinanced it(there isnt much left when the value is half of what it was) and as we all know form experience our houses are worth half of what they were in most cases....the banks lose too chuck Quote Link to comment Share on other sites More sharing options...
longball Posted January 9, 2011 Share Posted January 9, 2011 The banks actually make much money on the foreclosures....our tax dollars supplement their losses for the entire amount of the loan...not what was owed at the time of default...I have seen examples of banks making hundreds of thousands of dollars on loans gone bad....Our politicians made sure the banks were taken care of...Don't get me wrong I think this asbl person is wrong, but the banks are protected in this real estate mess...look it up Quote Link to comment Share on other sites More sharing options...
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