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Boeing says it's cutting 10% of its workforce, or about 17,000 employees
« on: October 11, 2024, 06:48:50 pm »
Boeing says it's cutting 10% of its workforce, or about 17,000 employees
Story by Aimee Picchi
Oct. 11, 2024
CBS News via MSN
Quote
Boeing on Friday said it's cutting 10% of its workforce, or about 17,000 employees.

In a in a memo Friday, CEO Kelly Ortberg announced the layoffs, writing that the aerospace giant must make "tough decisions" to stay competitive. Ortberg added that the company is also delaying its program to develop the 777X airplane and halting production of the 767 aircraft after it delivers the remaining 767 planes that have been ordered by customers.

The layoffs and production changes come amid a labor dispute at Boeing, with 33,000 machinists going on strike last month after failing to agree on a contract. The aerospace giant's finances and reputation have also taken a hit this year due to manufacturing problems and multiple federal investigations, following a mid-air panel blowout in January.  ...
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Online mountaineer

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Re: Boeing says it's cutting 10% of its workforce, or about 17,000 employees
« Reply #1 on: October 11, 2024, 06:51:11 pm »
Reuters
@Reuters
BREAKING: Boeing will cut 17,000 jobs, or 10% of its global workforce, delay first delivery of its 777X jet by a year and expects substantial new losses in its defense business as a month-long strike batters company finances, CEO Kelly Ortberg said https://reut.rs/400ZhV2
4:50 PM · Oct 11, 2024

Reuters
@Reuters
Ortberg said in a message to employees that the company must reset its workforce levels ‘to align with our financial reality’ after a strike by around 30,000 US West Coast workers shuttered production of its 737 MAX, 767 and 777 jets https://reut.rs/3Y17bew
4:54 PM · Oct 11, 2024

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Offline Timber Rattler

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Re: Boeing says it's cutting 10% of its workforce, or about 17,000 employees
« Reply #2 on: October 11, 2024, 07:40:08 pm »
"Competitive" against whom?  Boeing has pretty much swallowed up all its competitors, except Airbus.

With that said, the strikers didn't think things through obviously.
« Last Edit: October 11, 2024, 07:40:54 pm by Timber Rattler »
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Offline Smokin Joe

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Re: Boeing says it's cutting 10% of its workforce, or about 17,000 employees
« Reply #3 on: October 12, 2024, 12:08:21 am »
After their dismal space failure, I think they still have dreams of competing with Space X.
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Seventeen Techniques for Truth Suppression

Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience.

C S Lewis

Offline DefiantMassRINO

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Re: Boeing says it's cutting 10% of its workforce, or about 17,000 employees
« Reply #4 on: October 12, 2024, 01:27:57 am »
Any overcompensated Board Members or Executives being shown the door without a platinum parachute?

Boeing faces more comptetition from foreign aircraft manufacturers, mostly for smaller capacity, shorter flight aircraft.

It's only a matter of time before the Chi-coms use stolen intellectual property and stolen technology to put Western commerical aircraft makers out of business.  It was mistake to let commies join the WTO.
« Last Edit: October 12, 2024, 01:29:55 am by DefiantMassRINO »
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Re: Boeing says it's cutting 10% of its workforce, or about 17,000 employees
« Reply #5 on: October 12, 2024, 03:18:42 pm »
Boeing cutting 17,000 jobs as financial losses deepen
By
Elaine Mallon
October 12, 2024 11:43 am
.

Boeing CEO Kelly Ortberg announced to employees in a memo released on Friday that the company is laying off 17,000 people.

“Our business is in a difficult position, and it is hard to overstate the challenges we face together,” Ortberg said in the memo. “The state of our business and our future recovery require tough actions.”

The decision comes nearly a month after workers with the International Association of Machinists and Aerospace Workers District 751 went on strike. The union, which represents nearly 33,000 workers, rejected Boeings offer of giving workers a 25% wage increase over the next four years. Instead, the union is calling for a 40% wage increase.

Boeing said the strike is costing the company nearly a billion dollars a month and led the company to start one-week furlough for employees. However, Ortberg said in the memo that the cycle of furloughs will end.

more
https://www.washingtonexaminer.com/news/business/3187041/boeing-cutting-17000-jobs-financial-losses-deepen/
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Offline Fishrrman

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Re: Boeing says it's cutting 10% of its workforce, or about 17,000 employees
« Reply #6 on: October 12, 2024, 05:36:32 pm »
"How did you go bankrupt?"

"Gradually... then suddenly."
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Offline GtHawk

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Re: Boeing says it's cutting 10% of its workforce, or about 17,000 employees
« Reply #7 on: October 12, 2024, 07:09:25 pm »
I wonder if Harris will point to this as a success of the Biden/Harris presidency or will she take all the credit for it.
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Offline Smokin Joe

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Re: Boeing says it's cutting 10% of its workforce, or about 17,000 employees
« Reply #8 on: October 12, 2024, 07:49:22 pm »
Quote from: GtHawk on October 12, 2024, 07:09:25 pm
I wonder if Harris will point to this as a success of the Biden/Harris presidency or will she take all the credit for it.
Wanna bet she blames Trump?

It does not have to have a basis in fact, nor truth. It's the stuff that keeps the bobbleheads bobbling.
« Last Edit: October 12, 2024, 07:50:13 pm by Smokin Joe »
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How God must weep at humans' folly! Stand fast! God knows what he is doing!
Seventeen Techniques for Truth Suppression

Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience.

C S Lewis

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Re: Boeing says it's cutting 10% of its workforce, or about 17,000 employees
« Reply #9 on: October 24, 2024, 09:06:53 am »
 Boeing factory workers vote to reject a contract offer and press ahead with a six-week strike, hours after the company reported a $6.2 billion loss in the third quarter.
https://twitter.com/AP/status/1849273330827751898
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The abnormal is not the normal just because it is prevalent.
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Offline Fishrrman

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Re: Boeing says it's cutting 10% of its workforce, or about 17,000 employees
« Reply #10 on: October 24, 2024, 05:16:01 pm »
"Boeing factory workers vote to reject a contract offer and press ahead with a six-week strike, hours after the company reported a $6.2 billion loss in the third quarter."

Gonna be MORE THAN a 10% worker cut.

One step closer to a company-wide bankruptcy.

Will Airbus step in to take them over?
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Offline GtHawk

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Re: Boeing says it's cutting 10% of its workforce, or about 17,000 employees
« Reply #11 on: October 24, 2024, 05:44:50 pm »
Quote from: Fishrrman on October 24, 2024, 05:16:01 pm
"Boeing factory workers vote to reject a contract offer and press ahead with a six-week strike, hours after the company reported a $6.2 billion loss in the third quarter."

Gonna be MORE THAN a 10% worker cut.

One step closer to a company-wide bankruptcy.

Will Airbus step in to take them over?
Nah they’re ‘to big to fail’ so we’ll bail them out because, wait for it…they are vital to our space program and military **nononono*
« Last Edit: October 24, 2024, 05:45:55 pm by GtHawk »
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Offline Timber Rattler

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Re: Boeing says it's cutting 10% of its workforce, or about 17,000 employees
« Reply #12 on: October 24, 2024, 09:48:47 pm »
Quote from: GtHawk on October 24, 2024, 05:44:50 pm
Nah they’re ‘to big to fail’ so we’ll bail them out because, wait for it…they are vital to our space program and military **nononono*

Yep, flashback to one of the stupider policies of the Clinton administration...

'The last supper': How a 1993 Pentagon dinner reshaped the defense industry

https://www.wbur.org/onpoint/2023/03/01/the-last-supper-how-a-1993-pentagon-dinner-reshaped-the-defense-industry

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Re: Boeing says it's cutting 10% of its workforce, or about 17,000 employees
« Reply #13 on: October 24, 2024, 10:26:03 pm »
No one will miss Boeing when it is gone.  Their legacy of a builder of great aircraft and innovation left the building 20 years ago.  Sell off the parts and burn the rest. 
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Offline Timber Rattler

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Re: Boeing says it's cutting 10% of its workforce, or about 17,000 employees
« Reply #14 on: October 25, 2024, 09:58:42 am »
Quote from: Wingnut on October 24, 2024, 10:26:03 pm
No one will miss Boeing when it is gone.  Their legacy of a builder of great aircraft and innovation left the building 20 years ago.  Sell off the parts and burn the rest.

Yeah, I watched this documentary about what happened, and the troubles started with the merger with McDonnell-Douglas, which shoved the engineers aside in executive management and replaced them with bean counters.

https://www.netflix.com/title/81272421

See also:

https://www.pbs.org/wgbh/frontline/documentary/boeings-fatal-flaw/
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Re: Boeing says it's cutting 10% of its workforce, or about 17,000 employees
« Reply #15 on: October 25, 2024, 10:03:02 am »
Quote from: Timber Rattler on October 25, 2024, 09:58:42 am
Yeah, I watched this documentary about what happened, and the troubles started with the merger with McDonnell-Douglas, which shoved the engineers aside in executive management and replaced them with bean counters.

https://www.netflix.com/title/81272421

See also:

https://www.pbs.org/wgbh/frontline/documentary/boeings-fatal-flaw/

That is not the first time such a thing has occurred and the results have never varied.
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