When all else fails
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Joined: Feb 2002
Posts: 2,428
When all else fails
throw money at the problem.
http://news.yahoo.com/s/afp/20070308...BlJFpFPlmyBhIF
Are the results in on Delphi doing this?
http://news.yahoo.com/s/afp/20070308...BlJFpFPlmyBhIF
Are the results in on Delphi doing this?
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Joined: Mar 2004
Posts: 3,577
From: Sandy VJJville
I hope they're very modest bonuses. If not, these may be some of the last bonuses their executives see. I'd lay it out like this: We're struggling to stay afloat here. We're on the verge of disaster and you've got a choice. Either we give you a bonus and the company might fail with the extra money going out, or we keep the bonuses and try to keep ourselves in jobs.
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Joined: Mar 2001
Posts: 1,938
I read this in the Wall Street Journal yesterday...I think you guys are overracting just a bit.
Most manufacturers pay out year-end bonuses of thousands per head (if they pay out one at all) and I mean for both line workers and admin (of course, top executives get big $).
In this case, Ford is paying out a few hundred dollars per head as a morale boost...not exactly a big deal. If you've ever been one of the guys "left" when a company is going through rough times like Ford is now, you would know that even a small gesture like this can have a big impact.
If Ford goes under, it won't be because of these small bonuses.
Most manufacturers pay out year-end bonuses of thousands per head (if they pay out one at all) and I mean for both line workers and admin (of course, top executives get big $).
In this case, Ford is paying out a few hundred dollars per head as a morale boost...not exactly a big deal. If you've ever been one of the guys "left" when a company is going through rough times like Ford is now, you would know that even a small gesture like this can have a big impact.
If Ford goes under, it won't be because of these small bonuses.
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Joined: Jul 2003
Posts: 3,769
From: cinci
I read this in the Wall Street Journal yesterday...I think you guys are overracting just a bit.
Most manufacturers pay out year-end bonuses of thousands per head (if they pay out one at all) and I mean for both line workers and admin (of course, top executives get big $).
In this case, Ford is paying out a few hundred dollars per head as a morale boost...not exactly a big deal. If you've ever been one of the guys "left" when a company is going through rough times like Ford is now, you would know that even a small gesture like this can have a big impact.
If Ford goes under, it won't be because of these small bonuses.
Most manufacturers pay out year-end bonuses of thousands per head (if they pay out one at all) and I mean for both line workers and admin (of course, top executives get big $).
In this case, Ford is paying out a few hundred dollars per head as a morale boost...not exactly a big deal. If you've ever been one of the guys "left" when a company is going through rough times like Ford is now, you would know that even a small gesture like this can have a big impact.
If Ford goes under, it won't be because of these small bonuses.
Registered User
Joined: Oct 2005
Posts: 940
From: Southern Indiana
I read this in the Wall Street Journal yesterday...I think you guys are overracting just a bit.
Most manufacturers pay out year-end bonuses of thousands per head (if they pay out one at all) and I mean for both line workers and admin (of course, top executives get big $).
In this case, Ford is paying out a few hundred dollars per head as a morale boost...not exactly a big deal. If you've ever been one of the guys "left" when a company is going through rough times like Ford is now, you would know that even a small gesture like this can have a big impact.
If Ford goes under, it won't be because of these small bonuses.
Most manufacturers pay out year-end bonuses of thousands per head (if they pay out one at all) and I mean for both line workers and admin (of course, top executives get big $).
In this case, Ford is paying out a few hundred dollars per head as a morale boost...not exactly a big deal. If you've ever been one of the guys "left" when a company is going through rough times like Ford is now, you would know that even a small gesture like this can have a big impact.
If Ford goes under, it won't be because of these small bonuses.
Registered User
Joined: Aug 2000
Posts: 6,165
From: Sterling Heights, MI
There are some Ford workers who are going to donate their bonuses to charity.....perhaps to send a little message to Mullaly.
http://www.freep.com/apps/pbcs.dll/a...703100331/1002
I think it's a great idea.
I don't think the UAW had anything to do with this....especially since management is also getting a bonus. Mullaly is describing it as a "way to build unity."
http://www.freep.com/apps/pbcs.dll/a...703100331/1002
I think it's a great idea.
Originally Posted by DvBoard
Ford wasn't going to give everyone a bonus till the union bitched.
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Joined: Oct 2005
Posts: 940
From: Southern Indiana
Originally Posted by Yahoo
Struggling Ford to give executive bonuses
Thu Mar 8, 6:34 PM ET
DETROIT, United States (AFP) - Struggling Ford Motor Co. said it plans to give performance bonuses to top executives though the automaker lost 10.7 billion dollars in 2006 and is in the midst of laying off thousands of workers and shuttering scores of plants.
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Talk of the bonuses initially drew the ire of union officials but opposition was withdrawn when Ford agreed to offer bonuses to all employees, including those who accepted buyouts earlier this year.
"Because we did not accomplish all of our objectives last year, the awards will be modest," Ford chief executive officer Alan Mulally said in an e-mail to employees obtained by AFP.
Mulally said it was important for the company to recognize the accomplishments of its employees in "significantly" reducing costs, narrowing "the quality gap with our competitors" and "courageously" restructuring Ford as a smaller company.
"These awards underscore the importance of working together as a unified team," Mulally said. "That's the only way we'll make more progress down the road."
The bonuses to factory workers will average 500 dollars a piece, said Ford spokesman Tom Hoyt, who would not disclose the value of executive bonuses.
Thu Mar 8, 6:34 PM ET
DETROIT, United States (AFP) - Struggling Ford Motor Co. said it plans to give performance bonuses to top executives though the automaker lost 10.7 billion dollars in 2006 and is in the midst of laying off thousands of workers and shuttering scores of plants.
ADVERTISEMENT
Talk of the bonuses initially drew the ire of union officials but opposition was withdrawn when Ford agreed to offer bonuses to all employees, including those who accepted buyouts earlier this year.
"Because we did not accomplish all of our objectives last year, the awards will be modest," Ford chief executive officer Alan Mulally said in an e-mail to employees obtained by AFP.
Mulally said it was important for the company to recognize the accomplishments of its employees in "significantly" reducing costs, narrowing "the quality gap with our competitors" and "courageously" restructuring Ford as a smaller company.
"These awards underscore the importance of working together as a unified team," Mulally said. "That's the only way we'll make more progress down the road."
The bonuses to factory workers will average 500 dollars a piece, said Ford spokesman Tom Hoyt, who would not disclose the value of executive bonuses.
Registered User
Joined: Jun 2000
Posts: 3,463
From: SoCal
I think the only problem is that Ford was only going to pay out a bonus to execs and then when it seemed like the rest of the workers whom Ford needs to get back on track objected then they gave in. It just doesn't look good. Ford has managed to screw up even the bonuses they give out. Like many decisions they have made lately this one probably started off good but with poor execution it ends up looking worse.
They still have lots of egg left on their face from the buyouts they recently offered up and when more employees than expected took the offer they had to retract the deal from a unlucky few.
I know a guy in Ford R&D in Allen Park and he was surprised when 5 out of 9 people in his group got the buyout offer and while he didn't take it. The 4 that did only two were actually allowed to go. So now the team is 7 strong and thats the way its going to stay. They were understaffed to begin with....
Wonder what he'll do with this bonus that he only got becuase Ford got cought. How is morale now?
They still have lots of egg left on their face from the buyouts they recently offered up and when more employees than expected took the offer they had to retract the deal from a unlucky few.
I know a guy in Ford R&D in Allen Park and he was surprised when 5 out of 9 people in his group got the buyout offer and while he didn't take it. The 4 that did only two were actually allowed to go. So now the team is 7 strong and thats the way its going to stay. They were understaffed to begin with....
Wonder what he'll do with this bonus that he only got becuase Ford got cought. How is morale now?
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Joined: Feb 1999
Posts: 2,947
From: Springfield,OH. U.S.A.
A small bonus in times like these says loads to the average worker, though the money won't go far, the recognition will.
Ignoring their efforts, and concessions, would be a slap in the face.
Ignoring their efforts, and concessions, would be a slap in the face.
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Joined: Mar 2001
Posts: 1,938
Paying out a bonus at a time like this when, obviously, the company isn't meeting whatever performance goals it established for 2006 can't be called anythin else but a morale booster.
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Joined: Feb 1999
Posts: 2,947
From: Springfield,OH. U.S.A.
Mulally said it was important for the company to recognize the accomplishments of its employees in "significantly" reducing costs, narrowing "the quality gap with our competitors" and "courageously" restructuring Ford as a smaller company
..seeing ads how the AWD Ford Fusion beat Camry and Accord in driver's chioce events.
Ford Rises to a Challenge
January 05, 2007
By Steve Miller/Brandweek :
DETROIT A new campaign for Ford's Fusion sedan will feature the results of a head-to-head driving challenge with the Toyota Camry and the Honda Accord in which the Fusion received top ratings in several categories.
The drive, organized by Car and Driver and funded by Ford, took place in Washington, D.C., in December and used 600 of the magazine's subscribers as testers.
The event sought to connect a "huge gap between perception and reality," said Barry Engle, general manager of Ford marketing. "When these drivers drove the Accord and Camry, they came away and said, 'That wasn't near as good as I thought it would be.'"
Engle said that the drivers favored the Fusion in four areas, including styling, performance, handling and "fun to drive."
There were 11 rating categories in all, and the Fusion did not fare well in perception of quality. "This isn't about Camry and it isn't about Accord, but it's about making sure that we are on consumers' lists when they go to look at a car," Engle said.
January 05, 2007
By Steve Miller/Brandweek :
DETROIT A new campaign for Ford's Fusion sedan will feature the results of a head-to-head driving challenge with the Toyota Camry and the Honda Accord in which the Fusion received top ratings in several categories.
The drive, organized by Car and Driver and funded by Ford, took place in Washington, D.C., in December and used 600 of the magazine's subscribers as testers.
The event sought to connect a "huge gap between perception and reality," said Barry Engle, general manager of Ford marketing. "When these drivers drove the Accord and Camry, they came away and said, 'That wasn't near as good as I thought it would be.'"
Engle said that the drivers favored the Fusion in four areas, including styling, performance, handling and "fun to drive."
There were 11 rating categories in all, and the Fusion did not fare well in perception of quality. "This isn't about Camry and it isn't about Accord, but it's about making sure that we are on consumers' lists when they go to look at a car," Engle said.
Last edited by 90rocz; Mar 13, 2007 at 11:20 AM.
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Joined: Mar 2005
Posts: 757
Union members don't get these bonuses. Big deal. Most executives, save the top few, don't get their full salary if they get laid off. They also don't get full health care. The white collar auto workers have also seen their ranks thinned more than their counterparts in other industries because it's the easiest way for the auto companies to reduce costs. If auto companies did not offer performance incentives - as do all other companies - there would be absolutely no reason for a qualified executive to work there. It's called capitalism, and Detroit needs to learn a bit about it if they hope to stay alive.