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The pace is getting too fast and the unfolding of events is still
blurry. The confusion could not be cleared even by a swift Volvo wiper
blade working in your windshield. Today and in the past few years,
ghetto surrounds the Ford Motor Corp. as well as its employees whose
departments did not meet reduction levels. Ford will let them face
involuntary layoffs. The affected salaried employees will be
offered three separation packages. First, the employee could opt for a
retirement plan. The pension calculations is based the employee’s age
and length of service plus three years. The second package, dubbed as
the salaried retirement window, allows employees to retire with regular
pension benefits plus a one-time payment equivalent to approximately 13
months of pay. The last separation package is the voluntary salaried
separation program. In this package, younger workers will be receiving
up to 13 months of pay to leave the company. If eligible, the employee
could still receive any vested pension benefits. To determine the
number of affected employees, the automaker ordered a headcount for
each department in the United States. The headcount reduction goal is
an attempt to slash 10,000 white-collar jobs by next year. Headcounts
could show that there are some that have already met the goals. Upon
the other hand, one or two departments may have too many employees who
signed up hence the need for rescission of some buyout offers.
Moreover, it is obvious that other departments failed to persuade
enough workers to leave voluntarily. The automaker began offering
buyouts and early retirement incentives to white-collar workers last
fall. Those who are given offers have until Monday to sign up. This
would further delay the tallying for about a week. "It's still too
early in the process for us to know if involuntary separations will be
necessary and to what extent," said Ford spokeswoman Marcey Evans. Experts
in the industry said that missed targets on some department are quite
apparent. As a fact, some of the workers have been warned by their
supervisors about possible involuntary layoffs. It can be recalled that
the automaker has already eliminated about 4,000 white-collar positions
and largely have been made through involuntary layoffs. Ford said
it is hoping to meet its new headcount reduction goal through the
voluntary separation program. However, it added that it would resort to
involuntary layoffs if necessary. Ford also warned workers that it
reserved the right to rescind buyout offers if too many signed up in
their department. Not all Ford workers were given buyout or early
retirement offers; some key employees are given substantial retention
bonuses for agreeing to stay. Most of those who have signed up for the
last round of Ford’s buyouts will leave the company on Wednesday.
"We're a little bit worried about whether there will be enough people,"
said one employee, who did not wish to be identified. But not
everyone took the situation sullenly. Some were employees were relieved
when they heard that layoffs were unlikely in their departments.
"Everybody's happy about the buyouts," said Greg Davis, who signed up
for one of the early retirement offers. "We're just hoping the company
will do well in the future." Davis is now getting ready to trade in his
Ford ID badge for a private pilot's license and the tiller of sailboat.
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