Thread regarding Boeing Co. layoffs

I'm puzzled. Are there "a lot of options" or are the "credit markets closed" more confusion from the clowns and monkeys.

https://thehill.com/policy/finance/489255-boeing-ceo-says-company-may-reject-stimulus-if-treasury-seeks-equity-stake

"Calhoun said in an interview with Fox Business Network that it's "not ideal" for Boeing to surrender equity to the federal government and "if they force it, we just look at all the other options, and we've got plenty of them."

Or

https://www.reuters.com/article/us-health-coronavirus-boeing-debt-idUSKBN21B32D

"(Reuters) - Boeing Co's (BA.N) chief financial officer said on Tuesday the U.S. aerospace industry urgently needs credit to cope with the coronavirus pandemic but "markets essentially are closed" to new debt."

Boeing is such a scum bag company, i see them getting a huge bailout, pay all the useless pencil pushers, and lay off the workers.

Let Boeing die.... when they profit it goes into private hands but when they lose money the public ends up footing the bailout bill. somethings wrong with this picture.

We are all gonna get layoff but don’t know when. Could be next week or the following weeks depend on how soon they get the money from the government.

Right now they are using workers and jobs to bargain for the money from the government. As soon as they get that 60 bills bailout, you will see layoff happen.

Didn't Boeing stuff it's pension funds with its own stock last year, laughing at people who said it was a bad move?

Any company that pulls in billions a year for years and can’t weather a crisis deserves to fold.

This is their dirty song and dance, they extort the politicians cry mass layoffs and we will take the economy down with us until they secure public funds THEN expect mass layoffs and outsourcing to occur.

@zzj+142mBhwA OMG pay attention
All of @hob+142mBhwA are reasonable predictions (They Are Predictions)
Boeing will need two decades to re-build; it’s reputation is in tatters
Boeing products and services are needed
The services of the Board are Not Needed they are in transition.
The Board is growing now, to squeeze out the old guard later…

This Sh!t Show is just getting started:

• Shelter In Place Orders are Coming: Get Ready
• You will need 30 days of supplies

They, The Government are recommending 90 days of supplies
This is Very Real:

@hmq+142mBhwA

Where you getting your information from bud?

There is a dollar shortage globally. $10B additional will not save the company.
Boeing will divest (assets, e.g. subsidiaries, JVs).
It will transfer some of its workforce to non-unions states such SC. or overseas.
It will lay-offs (costly labor first, non-core) in Tier one states (California, Washington)
It will re-negotiate with unions
It will cut its dividends
It will eventually break its international supply chain.
Ties with India and SE Asia will strengthen.
It may sell some of its legacy military assets and programs (KC-46).
Its drone, surveillance, and cyber arms will strengthen.
In 2025, it may require the support of the PGBC to meet its pension obligations
Its Engineering platform will be mobility, not aircrafts
Automobile and Aerospace sectors may consolidate in automation, 3D, AI.
The Boeing Company will be much smaller in size and focus in 2025.
If you are Boomer, the sooner you leave the better.
If you are a GenX, it is not too late to find a new career opportunity.
The sooner the Millennials take over the sooner the confidence will be restored
It is called creative destruction.
Stock price could find its low at $50
It will get out of Illinois.
Calhoun is just a transition, not the end game.

Layoffs March 26-27

If you are at the factory, it will be typical that your manager will call you in to the office and hand you your warn (Mar 26)

If you are working from home, they will deliver it in person via courier. (March 27)

45k people in the first wave

I think they will just piss that 60 billion away on executive salaries, bonuses, overpriced tools and equipment. This money is not for the workers.

It's not certain if they will be granted that, especially not the full amount. After all, Boeing management and executives put themselves in this situation for the most part.