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<blockquote data-quote="Weather Man" data-source="post: 16837014" data-attributes="member: 137766"><p><h3>Ford offers severance packages to white-collar ‘underperformers’ - WSJ</h3><p>Oct. 31, 2022 6:43 AM ET<a href="https://seekingalpha.com/symbol/F?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3AF" target="_blank">Ford Motor Company (F)</a>By: <a href="https://seekingalpha.com/user/56355736/profile?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cbutton%3Aauthor_name%7Cfirst_level_url%3Anews" target="_blank">Kevin P. Curran</a>, SA News Editor<a href="https://seekingalpha.com/news/3897615-ford-offers-severance-packages-to-white-collar-underperformers-wsj#comments" target="_blank">7 Comments</a></p><p></p><p><img src="https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1362966857/image_1362966857.jpg?io=getty-c-w750" alt="Ford December Sales Plunge 17 Percent From A Year Ago" class="fr-fic fr-dii fr-draggable " style="" /></p><p>Justin Sullivan</p><p></p><p>Ford Motor Co. (NYSE:<a href="https://seekingalpha.com/symbol/F?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews" target="_blank">F</a>) has offered severance packages to a number of white-collar workers, according to <em>The Wall Street Journal</em>.</p><p>An internal email reviewed by the paper indicated that significant changes in policies for salaried employees is driving the headcount reduction. The workers offered the packages had been “deemed underperformers” by the automaker. The criteria was <a href="https://www.wsj.com/articles/ford-looks-to-offer-severance-to-white-collar-employees-it-deems-underperformers-11667186857" target="_blank">described by the outlet</a> as targeting workers with 8 or more years tenure and had demonstrated “a pattern of declining performance.”</p><p>Ford shares slipped 0.9% in early pre-market trading.</p></blockquote><p></p>
[QUOTE="Weather Man, post: 16837014, member: 137766"] [HEADING=2]Ford offers severance packages to white-collar ‘underperformers’ - WSJ[/HEADING] Oct. 31, 2022 6:43 AM ET[URL='https://seekingalpha.com/symbol/F?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3AF']Ford Motor Company (F)[/URL]By: [URL='https://seekingalpha.com/user/56355736/profile?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cbutton%3Aauthor_name%7Cfirst_level_url%3Anews']Kevin P. Curran[/URL], SA News Editor[URL='https://seekingalpha.com/news/3897615-ford-offers-severance-packages-to-white-collar-underperformers-wsj#comments']7 Comments[/URL] [IMG alt="Ford December Sales Plunge 17 Percent From A Year Ago"]https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1362966857/image_1362966857.jpg?io=getty-c-w750[/IMG] Justin Sullivan Ford Motor Co. (NYSE:[URL='https://seekingalpha.com/symbol/F?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews']F[/URL]) has offered severance packages to a number of white-collar workers, according to [I]The Wall Street Journal[/I]. An internal email reviewed by the paper indicated that significant changes in policies for salaried employees is driving the headcount reduction. The workers offered the packages had been “deemed underperformers” by the automaker. The criteria was [URL='https://www.wsj.com/articles/ford-looks-to-offer-severance-to-white-collar-employees-it-deems-underperformers-11667186857']described by the outlet[/URL] as targeting workers with 8 or more years tenure and had demonstrated “a pattern of declining performance.” Ford shares slipped 0.9% in early pre-market trading. [/QUOTE]
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