GM is doing a deferred paycut of 20% for all of its employees. Ford is deferring annual/merit raise which starts from April 1st to later dates Ford also has given the option to take 3 months of vacation for 25% salary. *Forced vacation for Ford Employees for the 1st week of April. Not confirmed yet.
I wonder how #tesla is dealing with it
Temp layoffs, merit increase canceled. Just beginning of crisis. Well see what comes next. Only 2weeks in quarantine...
We don’t do layoffs as of now. Factory workers are on a paid leave. Luxury brands are selling great during recession. Rich people don’t become poor.
Really???? Damn...
3 month vacay and only reducing salary by 25% is nice. I’d take it
I think he meant 25% of salary, not reduction by 25%
No forced vacation for me.
Forced vacation for Ford employees
20% pay cut for you though. And if you think they’ll pay us that 20% back after they inevitably lay us off which they set us up for... lol
I hope Daimler won’t do the same 😫
Good luck!
I like the new job - I mean vacation option 🤪
Do you mean unpaid leave for 3 months? :)
No pay raises for us
We looking at no bonuses and no raises (probably) but nothing else has been confirmed
No merits increase in this year
@OP what do you mean by given the OPTION of 3 months vacation for 25% salary? What if you don't take it ?
It's not mandatory. You have the choice.
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Lots of non-OEMs also doing some variants of TLO or pay cuts. I’m aware of 50-90% cuts.
Yet the market today was going up and up. Don't understand what's going on atall. It's just been 3 weeks of Covid and its getting this chaos.
People are reacting to the stimulus (because it has to do something, right... ?) but the stimulus won’t change the fact that the people that prop up the economy are no longer going to be participating for at least a few months, maybe longer. The drop will hit, guarantee it.