Tuesday, December 05, 2006

FORD ORGANIZES JOB FAIR FOR ITS OWN EMPLOYEES

It is common knowledge that 103 year old Ford Motor Company, one of America's crown jewels, is in deep financial trouble. It has hired Alan Mulally (US $2 million salary + US$16.5 million other compensation according to this wiki) to salvage the situation. It is trying it reduce its workforce and has succeeded in pursuading 38000 employees to agree to accept buyout packages. It is even organizing job fairs for its employees and hiring motivational speakers to pursuade employees to leave. You might want to check out Detroit News here for an event report.

Employees are getting hired by CIA, FBI, Fire Service, Railways etc. Employees visiting the fair are even getting a DVD that contrasts the likely future of those who choose to continue with Ford vis-a-vis those who choose to pursue opportunities outside.
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