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Congressional Submission Appendix

Congressional Submission Appendix

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Published by Ford Motor Company
Slides that visually highlight some of Ford Motor Company's key points in its plan submitted to Congress on December 2, 2008
Slides that visually highlight some of Ford Motor Company's key points in its plan submitted to Congress on December 2, 2008

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Published by: Ford Motor Company on Dec 02, 2008
Copyright:Attribution Non-commercial

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03/13/2013

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Appendix: Slides to AccompanyCongressional Submission
 
SALARIED PERSONNEL ACTIONS
Salaried Personnel Levels –restructure business to fit current demand
 – 
Reduced salaried personnel by 36% over the past three years –includes 10%reduction effective February 2009
 – 
Reduced contract personnel by50%
Compensation & Benefit Changes
 – 
Eliminated 2009 merit increases and bonuses
 – 
Suspended 401k match, tuition assistance and dependent scholarships
 – 
Capped retiree life insurance at $25k
 – 
Improved cost effectiveness of benefit programs through more efficient planofferings and increased employee cost sharingConcurrently, we continue efforts to ensure a skilled and engaged team by:
 – 
Conducting leadership development programs
 – 
Developing future leaders through various developmental functional programs
 – 
Providing flexible work arrangements for maximum workforce efficiency and effectiveness
 – 
Conducting transparent communications with employees
 – 
Conducting events focused on future products to build employees’confidence in the futureof the company
APPENDIX 2OF 4
 
HOURLY LABOR COST DISADVANTAGE VS. TRANSPLANTSSUBSTANTIALLY REDUCED WITH LATEST UAW AGREEMENT 
Wages$ 29$ 29$ 26Wage-Related14149Subtotal$ 43$ 43$ 35Legacy Cost 1633All Other121211Total$ 71 $ 58$ 49Memo:Average Wage Assuming 20%$ 53Entry-Level EmployeesFordWithUAWVEBATransplantsWithoutUAWVEBA
APPENDIX 3OF 4

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