The gravy train has finally derailed. I remember a time when I would walk the length of the Boeing Everett factory, the world’s largest building, looking for the farthest bathroom or cafeteria I could find to ki-l time on the clock. And the raises... — read more
It only remains now to figure out how layoffs will speed up the delivery
It’s mind-boggling.
Airbus, Boeing aircraft delivery delays not improving, IATA head says
Delivery delays from planemakers Airbus and Boeing are "massively frustrating" and are not yet getting better, the head of the global airline body IATA said on Wednesday. A number of Europe's leading airlines bemoaned the resulting capacity... — read more
Have the layoffs started?
Inquiring minds would like to know. What departments will be impacted by 17k of the employees terminated?
Boeing Is Preparing For Waг With Its Own Workers
After Decades of Mismanagement, Malfeasance and Fraud, the miscreant management of Boeing embark on yet another mindlessly reckless adventure. Task 1. Layoff 17’000 employees as a show of force, striking fear in the hearts of all who work for... — read more
Don’t believe the lies
Boeing hires anti labor consultant firms, reputation management firms, and crisis communications consultants to advise, assist and develop this te---r campaign designed to destroy you, break your will and your unity. A lot of the people you will... — read more
https://www.youtube.com/watch?v=XS0ZkobK_Qs
LIVE: Boeing factory workers rally in Seattle as strike enters second month
Boeing to raise as much as $25 billion to shore up balance sheet
Like I've said. Put the Xmas tree up next to the burn barrel. https://www.cnbc.com/2024/10/15/boeing-equity-debt-raise.html
Boeing Settles for Mass Layoffs—Around 17,000 Job Cuts Expected
The ever-worsening Boeing situation has taken a turn for the worse. Despite the initial hope that the company would be able to reach a deal with the striking workers, Boeing is being forced to consider mass layoffs. In a memo to employees, CEO Kelly... — read more
We need Alan Mulally back
He was a change agent and even an older age, his stamina is amazing!
How about improving, not maintaining focus on safety and quality?
“As we move through this process, we will maintain our steadfast focus on safety, quality and delivering for our customers,” Ortberg’s letter to employees states.
Next Offer
25% GWI over 5 years 8% match 401k (no additional 4%) AMPP remains unchanged from last contract No pension And the part that gets the yes votes: $15k signing bonus. All the younger/low senority folks know they will be laid off the day they return. ... — read more
Decades of Depгavity And Malfeasance By Boeing Management Have Lead to This
17,000 job cuts with Boeing pointing the finger at striking workers. Rather than Boeing management, accepting responsibility for the Billions lost through shortcuts and criminal ineptitude. 777X development and testing paused for redesign due to... — read more
Oops….17,000 to be laid off at Boeing!
Walmart is starting to look like the most viable option for employees. Can you say Walmart Greeter!!! 😲
Fight for the Pension
I believe that boeing should look after the people who spend their lives building their planes. The executives pay and bonus incentives, plus all the stock buybacks are destructive and a total mismanagement of money. A much larger percentage of funds... — read more
Layoffs Announced
17,000 gone.
https://www.seattletimes.com/business/boeing-aerospace/boeing-files-unfair-labor-practice-against-machinists-union/
B-m g.e.d union reps, they deserve to be living under i5 with the rest of us. They really don't know how to negotiate
How about tripling strike pay
https://www.wsws.org/en/articles/2024/10/10/llrv-o10.html
Wells Fargo expects Boeing to sell up to to $15 billion in new stock to cover for workers’ strike losses
guys oogle it , no wonder the stock just keeps dropping
Junk Status?
I believe Boeing is headed towards Junk Status in the very near future.
To the dude who evens up the votes...
To the dude who keeps going through every comment and making the up/down votes equal...are you a Boeing manager, because you have a lot of time on your hands and don't appear to k ow what to do with it. To the mods who allow this behavior...stop... — read more
Bankruptcy Rumors
Hearing rumors in DC office that bankruptcy is being actively considered to eliminate all debt including pension obligations and to enable complete restructuring of company in non-union States and foreign Countries. Anyone else hearing similar?
This Strike Is Costing Boeing Over $1 Billion A Month
S&P Global Ratings estimated, while warning of a downgrade of its debt to junk territory. The company had a debt of about $60 billion, not accounting for follow-on costs related to the company’s latest litany of failed projects and miss steps. As... — read more
https://www.msn.com/en-us/money/companies/5-numbers-that-explain-why-boeing-won-t-go-bankrupt/ar-AA1rYB7B?ocid=spr_money&businessvertical=Money
Boeing has experienced some turbulence recently—to say the least. The problems have created a lot of anxiety for investors wondering how Boeing will find its way out of the current mess. Thankfully, the commercial aerospace giant is nowhere near a... — read more
Damոing New Evidence In Boeing’s 737 MAX Response
Newly released emails show Ethiopian Airlines reached out for safety information before fatal cгash. Boeing is facing new scrutiny over its handling of the 737 MAX MCAS (Maneuvering Characteristics Augmentation System) situation. The New York... — read more
https://x.com/davidshepardson/status/1844140824390758576
New: @RepJayapal @AOC @DonaldNorcross @RepDebDingell others write @Boeing @IAM751 on contract talks: “It is clear that both sides must return to the bargaining table in good faith
https://finance.yahoo.com/news/boeing-faces-100-million-more-174136333.html
(Bloomberg) -- Boeing Co.’s annual interest costs could rise by at least $100 million if its credit rating is cut to junk, adding to its troubles as it navigates stalled union talks and seeks to shore up fresh capital. Most Read from... — read more
For everyday we are on strike and not paid, the union should not recieve pay too
That will align our interest better, and the union will likely to negogiate