Thread regarding Boeing Co. layoffs

Grease is the word ...

They were badly roped by the Welchist Way, while the Wall Street parasites cheered.

Yep, it would be equally criminal and corrupt to pardon and save a company whose leadership knowingly ki-led so many people for personal profit. These degenerates are still profiting or have already left with their pockets full.

It's not likely that the US government will bailout Boeing now. Public and political sentiment is against that happening. And the US government has been aggressively providing large incentives in recent years to create multiple companies to replace Boeing for transport airplanes. Other companies have already successfully replaced Boeing for Defense and Space products. So as time goes on, there is a rapidly declining need for Boeing to even exist.

1. They opened the design center in Moscow and Ukraine, which had over 1000 engineers at one point. Which rivaled the number of engineers in Washington state. When they were forced to close that design center It was their largest design engineering team.

2. They open the engineering facility in Charleston, South Carolina. The majority of customers did not want their 787 manufactured in Charleston due to the number of MRB dispositions. To combat this Boeing stopped manufacturing .the 787 in Washington state where they no longer had an option.

It should’ve been obvious that the quality of the manufacturing was directly correlated to the experience level of the workforce. When You have mostly people with no experience and get poor quality work.

Boeing drew down the workforce in Washington state by more than 30,000 people by layoff during Covid and by offering VLO for the older workers. Boeing believed they didn’t need workers with more than five years experience and they who were near the bottom of the pay scale. They didn’t want engineers or mechanics above a level 2.

3. Boeing got out of the part fabrication business and chose to outsource everything to suppliers. Now Boeing doesn’t have the expertise and is dependent on suppliers who view Airbus as a more attractive partner. Airbus builds more airplanes a year and they also don’t deny their partners the ability to make a profit by constantly asking for cost cutting.

4. Boeing is missing an entire product line due to Jim McNerney investing in stock buybacks instead of a 737 replacement. Boeing CEOs should not be paid in stock because they will invest money the company makes into ballooning stock price instead of new products.

Boeing is slowly going bankrupt and will not survival unless a US government bail out happens.

“It’s an Empty Executive Suite”

An insider explains what has gone disastrously wrong with
Boeing.

https://www.city-journal.org/article/insider-explains-what-has-gone-wrong-with-boeing

Boeing is—or was—a great company.
From its manufacturing plants in Seattle, it produced the
world’s most reliable, efficient aircraft. But after merging with
McDonnell Douglas, shifting production around the world, and
moving its headquarters to Chicago and then Arlington, Virginia
the Boeing Company has been adrift.

To help explain what went wrong, I have been speaking with
a Boeing insider who has direct knowledge of the company’s
leadership decisions. He tells a story of elite dysfunction,
financial abstraction, and a DEI bureaucracy that has poisoned
the culture, creating a sense of profound alienation between
the people who occupy the executive suite and those who
build the airplanes.

This interview has been edited for length and clarity.