Boeing Announces Big Layoffs in Defense Division

iVillage Member
Registered: 03-08-2011
Boeing Announces Big Layoffs in Defense Division
14
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

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iVillage Member
Registered: 10-17-2012
Thu, 11-08-2012 - 10:45pm

And so begins the fall of the Obamanation.

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Community Leader
Registered: 01-25-2010
Fri, 11-09-2012 - 12:18pm

  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.

Goldfish

iVillage Member
Registered: 10-17-2012
Fri, 11-09-2012 - 12:52pm

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.

iVillage Member
Registered: 04-07-2002
Fri, 11-09-2012 - 6:02pm
This was in the works & would have happened even IF Romney had been elected! It has nothing to do with Obama at all. Boeing has been downsizing & consolidating for years - back when BUSH was President.

 nwtreehugger  

iVillage Member
Registered: 04-07-2002
Boeing is not exclusively a "defense contractor" by any stretch. The produce much more in the way of commercial aircraft than they do for the defense department.

 nwtreehugger  

iVillage Member
Registered: 04-07-2002
Boeing is not exclusively a "defense contractor" by any stretch. The produce much more in the way of commercial aircraft than they do for the defense department.

 nwtreehugger  

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Community Leader
Registered: 01-25-2010
Fri, 11-09-2012 - 7:44pm

  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

Goldfish

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Community Leader
Registered: 01-25-2010
Fri, 11-09-2012 - 7:48pm

  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. 

Goldfish

iVillage Member
Registered: 10-17-2012
Fri, 11-09-2012 - 11:18pm

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.

iVillage Member
Registered: 10-17-2012
Fri, 11-09-2012 - 11:23pm

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.

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