MISSIN980 Posted September 13, 2006 Share Posted September 13, 2006 Anyone hear about this. Supposed to be brought up for vote after the buyouts are said and done? Quote Link to comment Share on other sites More sharing options...
TexasBound Posted September 13, 2006 Share Posted September 13, 2006 I just don't understand how this is possible. $5 pay cut. If you work 40 hours a week for a whole year. This saves the company $10,400/yr/employee. How does it benefit Ford to pay 100k off the top when youd have to work 10 years before they start reaping the benefits. Quote Link to comment Share on other sites More sharing options...
chassisgrunt Posted September 13, 2006 Share Posted September 13, 2006 they want to pay people to leave, not pay people to stay. its amazing that anybody would actually believe this one. Quote Link to comment Share on other sites More sharing options...
hdw1 Posted September 13, 2006 Share Posted September 13, 2006 This is probably for the parts plants for sale. Five dollars, not likley. More like ten dollars, and you have your Ford senority stopped and you start your senority with the new company. Quote Link to comment Share on other sites More sharing options...
OAC_Sparky Posted September 13, 2006 Share Posted September 13, 2006 I just don't understand how this is possible. $5 pay cut. If you work 40 hours a week for a whole year. This saves the company $10,400/yr/employee. How does it benefit Ford to pay 100k off the top when youd have to work 10 years before they start reaping the benefits. Easy. Most places they can schedule a mandatory 48 hours a week, which translates into a 52 straight hour pay week. $5x52x52=$13,520, which is 7 years, 4 months. Traditionally, trades that work 8hr/7days, is a 68 straight hour week, $17,680, 5 years, 8 months. And that number would be pared even more the more overtime that is worked. Not only that, consider that they save 5% of that $5 ($.25/hr) on afternoon shift premium, 10% or $.50 an hour on midnights. And even more, they everyone they hire after the payout is hired on at the $5 less rate. No two tier pay scheme, just less pay for everyone. Quote Link to comment Share on other sites More sharing options...
WixomRealityCheck Posted September 13, 2006 Share Posted September 13, 2006 they want to pay people to leave, not pay people to stay. its amazing that anybody would actually believe this one. I agree. Quote Link to comment Share on other sites More sharing options...
skittet150 Posted September 13, 2006 Share Posted September 13, 2006 I just don't understand how this is possible. $5 pay cut. If you work 40 hours a week for a whole year. This saves the company $10,400/yr/employee. How does it benefit Ford to pay 100k off the top when youd have to work 10 years before they start reaping the benefits. Not only that, but what guy in his right mind would leave for 100,000 if he thought there was a chance to stay for even 10 bucks less and the same payout. Pretty sure that if that ever happens, won't be anytime soon. Quote Link to comment Share on other sites More sharing options...
OAC_Sparky Posted September 13, 2006 Share Posted September 13, 2006 Not only that, but what guy in his right mind would leave for 100,000 if he thought there was a chance to stay for even 10 bucks less and the same payout. Pretty sure that if that ever happens, won't be anytime soon. I think it will be hard to stay when the plant is closed. Some people will take the buyout rather than move and make less money at a new location. They may as well take the buyout and find that less paying job in their own neighbourhood. Also, If you're due to retire in less than the 7 years, it won't matter. Quote Link to comment Share on other sites More sharing options...
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