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Preferential Rehiring and Buyouts


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#1 OFFLINE   JJ@Batvia

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Posted 02 January 2007 - 07:03 AM

I was hearing this rumour last year when the buyout rumor first started. Could the uaw negotiate this? would ford even consider it? i know that it would save money when it come to training and new hire transitional down time. what do you guys think.







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#2 OFFLINE   Ckr01

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Posted 02 January 2007 - 11:28 AM

I was hearing this rumour last year when the buyout rumor first started. Could the uaw negotiate this? would ford even consider it? i know that it would save money when it come to training and new hire transitional down time. what do you guys think.


I turned down the buy-out, due to the fact it was stated, very clearly, I might add, "once you break service with FOMOCO, you cannot return to the company!!!!!!!!"
Seemed prety clear to me, so I stayed with the Titanic :titanic:

#3 OFFLINE   methos

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Posted 02 January 2007 - 11:52 AM

I turned down the buy-out, due to the fact it was stated, very clearly, I might add, "once you break service with FOMOCO, you cannot return to the company!!!!!!!!"
Seemed prety clear to me, so I stayed with the Titanic :titanic:


"cannot return to the company" Oh boy, that would be a real heartbreaker <LMAO>. I mean c'mon, it is always nice to know your options, but if you are worried about coming back, maybe you shouldn't leave.

After taking the buyout, I believe there is a five year no return clause, but after that you get preferential status if you apply for a job. That is if they are still around. They still have the FAQ posted at the Ford Employee site, and if you are not able to access it no longer, let me know, I can email it or some reasonable facsimile.
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#4 OFFLINE   TexasBound

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Posted 02 January 2007 - 12:08 PM

I turned down the buy-out, due to the fact it was stated, very clearly, I might add, "once you break service with FOMOCO, you cannot return to the company!!!!!!!!"
Seemed prety clear to me, so I stayed with the Titanic :titanic:



Who are you quoting? Because your info is dead wrong. based on the buyout papers I signed it's stated that you can get hired back into Ford. But for 5 years you cannot take another buyout. What are the odds of another one coming?

Here's what it says under the step program.

"If an eligible employee has recieved a STEP payment and is subsequently rehired by the Company, the employee will not be eligible for any future STEP payments until the employee has 5 or more years of seniority following such rehire. No seniority used to determine the amount of a previous STEP payment shall be used in determining a subsequent STEP payment."

There it is in black and white from Ford Motor. So I think you should stop listening to bob at the vending machine and research a little before spewing out fake quotes.
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#5 OFFLINE   Ckr01

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Posted 02 January 2007 - 02:21 PM

"cannot return to the company" Oh boy, that would be a real heartbreaker <LMAO>. I mean c'mon, it is always nice to know your options, but if you are worried about coming back, maybe you shouldn't leave.

After taking the buyout, I believe there is a five year no return clause, but after that you get preferential status if you apply for a job. That is if they are still around. They still have the FAQ posted at the Ford Employee site, and if you are not able to access it no longer, let me know, I can email it or some reasonable facsimile.



You don't seem to understand....If I took the 100k, retired and returned to my old job.....I would be makeing approx $35 per hr, includeing my retirement and the $18. ph for the job..........vs the $26.39 I get now

#6 OFFLINE   Pioneer

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Posted 02 January 2007 - 05:49 PM

We have heard at our plant that anybody that retires will not be rehired. Add that rumor to the fact that all flowbacks and transfers will need to be placed before you could be rehired, and your plan doesn't look good.

#7 OFFLINE   Pumpmaster

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Posted 02 January 2007 - 06:14 PM

We have heard at our plant that anybody that retires will not be rehired. Add that rumor to the fact that all flowbacks and transfers will need to be placed before you could be rehired, and your plan doesn't look good.


At Indy, at least two people, who took buyouts last year, started work today as TFT's.
Also, at least two skilled tradespeople took physicals to come back on production after they retire (one was told he could start right away).
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#8 OFFLINE   Rob Stephenson

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Posted 17 April 2014 - 12:23 AM

i would like that document...its been over 5 yrs for me

 

"cannot return to the company" Oh boy, that would be a real heartbreaker <LMAO>. I mean c'mon, it is always nice to know your options, but if you are worried about coming back, maybe you shouldn't leave.

After taking the buyout, I believe there is a five year no return clause, but after that you get preferential status if you apply for a job. That is if they are still around. They still have the FAQ posted at the Ford Employee site, and if you are not able to access it no longer, let me know, I can email it or some reasonable facsimile.



#9 OFFLINE   Rob Stephenson

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Posted 17 April 2014 - 12:25 AM

texas bound...can you send me a shot of that...a copy of the document please? i am trying to get back in   rts_computers@charter.net 


Who are you quoting? Because your info is dead wrong. based on the buyout papers I signed it's stated that you can get hired back into Ford. But for 5 years you cannot take another buyout. What are the odds of another one coming?

Here's what it says under the step program.

"If an eligible employee has recieved a STEP payment and is subsequently rehired by the Company, the employee will not be eligible for any future STEP payments until the employee has 5 or more years of seniority following such rehire. No seniority used to determine the amount of a previous STEP payment shall be used in determining a subsequent STEP payment."

There it is in black and white from Ford Motor. So I think you should stop listening to bob at the vending machine and research a little before spewing out fake quotes.



#10 OFFLINE   littlecountry

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Posted 17 April 2014 - 06:25 PM

Ford does not have to hire you and they won't and there is no lawsuit you can file!

#11 OFFLINE   littlecountry

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Posted 17 April 2014 - 06:28 PM

i would like that document...its been over 5 yrs for me
 


That document means nothing Ford is not obligated to hire you back !
You would think by now you would have moved on!