Boeing Announces Big Layoffs in Defense Division
Find a Conversation
Boeing Announces Big Layoffs in Defense Division
| Thu, 11-08-2012 - 8:59pm |
Middle class suffered another hit.
Boeing Announces Big Layoffs in Defense Division
Published: Wednesday, 7 Nov 2012
Boeing announced a major restructuring of its defense division on Wednesday that will cut 30 percent of management jobs from 2010 levels, close facilities in California and consolidate several business units to cut costs.
http://www.cnbc.com/id/49729998
Latest from the board
- Tornado Warnings in Oklahoma City 1
- Kyrgyzstan gets loan for power efficiency
- Will cities ever get smart about water use?
- Research and Markets: Boiler, Turbine, Generator (BTG) Equipment for Thermal Power
- Amputee actor in Boston bombing
- Boston bombing and financial market
- No more Bangladesh factories for Disney
- 7 Americans Killed in Cargo Plane Crash
- Climate Change by crown jakarta management capital environmental scams
- Climate Change by crown jakarta management capital environmental scams
Memeber Support
Visit our Member Support area or browse the iVillage Help forum
| Q: | Where can I change my password? |
| A: | Log in, go to Edit My Preferences, and click the Account tab. Make and save your changes. |
Pages
And so begins the fall of the Obamanation.
About time! Another bloated defense contractor. Bloat not product. Over expensive products being phased out. Perhaps they learned for Microsoft what happens when management starts to act like feudal lords.
I'm sure the thousands of people who just lost their jobs appreciate being "phased out" by their feudal lords. Imagine the smiles on their kids faces Christmas morning.
Boeing is the third largest aerospace and defense contractor.
n.wikipedia.org/wiki/Boeing_Company#Defense_and_other
http://en.wikipedia.org/wiki/Boeing_Company
This has been coming for a long time. The F-15 construction is ending. Many defense projects are over budget and late. Some like the F-35 are nothing to write home about being inferior to other Air combat aircraft around the world.
Boeing is cutting in the shadow of the sequester that will require devestating defense cuts. US law requires empoyers with more than 100 employees to give 60 days notice of planned layoffs.
Interestingly, Boeing is making cuts to it's defence arm, not commercial aircraft arm. And the sequester is heralding drastics cuts to...defense. It doesn't come as a big surprise. Obama was re-elected and it doesn't look like Boeing has much faith in his ability or willingness to compromise and avoid the fiscal cliff.
Pages