Thread regarding Boeing Co. layoffs

https://www.omanobserver.om/article/1171056/business/aviation/boeing-reaches-deal-to-avoid-criminal-responsibility-over-737-max-crashes

Boeing reached a deal with the Justice Department for $1.1 Billion dollars
on Friday, that would spare the company from taking criminal responsibility
for the mսrder of 346 men women and children.

Starliner Losses Top $2B—And Counting

https://payloadspace.com/boeing-starliner-losses-top-2b-and-counting/

Management They should do an audit on management how much they know about their product. They don’t know their product. They are just Ben counters, crack the whip thugs.

Those government contracts that they have been losing money on, Boeing was really the only company that showed interest in winning them.

The MQ 25 drone, Grumman pulled out so Boeing was the only bidder. Also, the TX trainer, Lockheeds entry was an already existing 10 year-old Korean aircraft. Boeing had the only clean sheet design.

Boeing was going to win both of those programs however they underbid both of them so badly they gave never made any money on either program. Whoever approved the bids on those programs should’ve never been in that management position.

The general idea was that both of those programs were intended to provide Boeing defense enough work to keep their employment levels stable after losing both the stealth bomber and the F-35. But Boeing underbid both programs so badly they will probably never making any money on them.

That was a clear indication how badly managed Boeing defense was. Both of the last two vice presidents of Boeing defense were hired because of DEI.

From the Lynnwood Times 12/8/24:
"Ortberg’s framework to restoring Boeing to prominence[]:

Culture change
Stabilize the business.
Improve execution discipline on new platform commitments
Build a new future

In his October announcement, Ortberg also committed to a returned emphasis on core total quality management (TQM) principles to “prevent the festering of issues” and “identify, fix, and understand root cause[s].” "

Ortberg has a tough job. I do not believe Ortberg can fix the MAXs grave aerodynamic issues that cause an airplane stall. And I do not believe he can fix the 787 body integration issues. I almost feel sorry for him.

We have a problem with to much management because their kids must be managers like them when they start. Its called the daddy syndrome.

Any talks of selling off a few divisions?

Do a time study on all managers and VP. They go to meetings all day but nothing ever flows down from them

Do a time study on all engineers support people and let’s not forget management and you will sure find out where all your money has gone easy fix.

Losses piled up for Boeing in 2024

https://www.columbian.com/news/2025/jan/27/losses-piled-up-for-boeing-in-2024/

How bad was 2024 for Boeing financially?

On Thursday the company announced fourth quarter details showing
it lost last year about $11.8 billion, the second heaviest loss in
Boeing history.
https://youtu.be/USugdEdDZv0?t=1284 --/- Burning Down the House

The data released after the stock market closed Thursday also shows
A Fourth Quarter Cash Outflow of $3.5 Billion,
which means Boeing burned through $13.7 billion in cash in 2024.
https://media.tenor.com/MSPxlRhGkJQAAAAM/money-burn.gif

Boeing attributed the financial meltdown, which included $2.8 billion
in fourth quarter write-offs, to the lost revenue during the strike by
Machinists in the fall and the higher labor costs in the new contract
Machinists won, as well as further delays on major defense programs.

Still, in a statement released with the worrying financial details,
Boeing CEO Kelly Ortberg, who took charge in August,
spoke of the new Machinists contract as a positive for the future.
https://media.tenor.com/J99n7njRgy4AAAAM/team-bullsh-t-cr-p.gif

“Although we face near-term collapse, we took important steps to
stabilize our failing business during the quarter including reaching
an agreement with our IAM-represented teammates,” he said.
Referring to the International Association of Machinists and Aerospace Workers.
“Our team remains focused on the hard work ahead to build
a new future for Boeing.”
https://media.tenor.com/qdHDQgXXjoIAAAAM/its-all-fake-news-peter-galtman.gif

Well, let’s all get our raises and bonuses first before any crazy new ideas come into play

Buying defense somehow got the idea they could revolutionized the way aircraft manufacturing is done and cut the cost dramatically.

They could cut the cost but nowhere near the scale that they believed. So all these latest defense contracts, they have won have been money losers. What’s truly sad is many of them they were the only bidder like the trainer.

A smarter CEO would’ve seen through this and stopped some of the hemorrhaging of money but the latest two Boeing CEOs on the defense that we’re both DEI hires. You’ve gotta have someone at the top that can steer the company away from these mistakes that can cost the company billions of dollars. You have to start promoting people based on merit.

Boeing needs a "Trump like" turnaround response.

of course the regular works will pay the cost

Build back better!!