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You are Here: Home > Blog > Ford Layoff

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Ford Layoff

Sunday, June 8th, 2008

Ford Motor Company has indicated that it intends to soon lay off salaried, white-collar workers in North America, in order to cut its workforce costs by 15 percent.

Ford’s layoff is to take place by August 1, 2008. The number of salaried workers who will lose their jobs because of it, will be determined by each department’s salary-cutting goal.

Eligible, laid-off workers will receive standard severance packages.

If you lose your job through the Ford layoff (or any other), then you might be eligible for unemployment compenstion from the state unemployment office, even if you receive severance pay. You might also be entitled to extend your company-provided health insurance through COBRA.

The automaker indicated that finds it necessary to lay off salaried workers, because rising gasoline prices have reduced sales of Ford pickup trucks and sport-utility vehicles (SUVs). Ford also indicated shrinking auto sales as a cause.

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