Well there will be 500 directs laid off this Thursday at Gulfstream.
It's terrible the employees have to wait like this. You can cut the atmosphere with a knife.
They are so inhumane how they treat their employees
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I was hit in the 2009 layoff it was nerve racking for sure.We kept being lie to ,and we went through 3 rounds of layoffs at the GAC facility.We had customers on the floor and managers were walking around and walking mechanics out as they were working.I was lucky and made it to the 3rd round which was a 60 day notice.After eight years full time- of working there they called me in for a job interview for my old job back but during the 2nd job interview they offered me a contractor job-I laugh at them and never look back.Although i do miss the people I worked with and the pride people had with the company, they did have some shady upper level -good-ole-boy managers.Life goes on and there are alot of job out there.I use my training which has carried me through.Those who are affected I wish you good luck-I've been there-but use the skills from there in apply at another company.
Real question is will they realize how top heavy they are and get rid of some managers and PE's? I bet not. they'll fire the people who actually do the work.
People should be careful about posting proprietary information. It's understandable that there is a lot of uncertainty but that should not preclude people from professional discretion
EPR scor is only one factor. 5 other categories are considered. Not allowed to layoff all the old guys like last time.
Just an FYI - two new models will be rolled out at NBAA this year; already has type certificate, so anyone losing their job this week could possibly be hired back next year - who knows?
The 500/600 numbers... That’s the 2015 layoff numbers... source https://www.islandpacket.com/news/business/article47323725.html
The announcement was 500 directs, 600 contractors. Out of 13,000 employees worldwide, that is less than 10%, or less than one of every 20 direct employees.
Is this still EPR driven? And what would be a safe EPR range to be in?
In my view, the data doesn't support 2500 people being let go. That's more than it was in 2015 and we're in better shape today than we were then. That being said, my guess is that one in ten directs will be let go.
If you're touch labor, you're pretty safe; maybe 1 in 20. However, Engineering staffing levels are way too high due to a lack of financial oversight. Left unchecked, they will design ourselves out of business.
Most of the layoffs will be in support functions: IT, Finance and Accounting, Marketing and Facilities. These layoffs will still be in the 1 in 10 range. Why not higher? Because our staffing levels in those areas are far lower than industry standards.
To sum it up, poor decision making by inept management at the C level (I can't say leadership, because there is none) is causing this. I hope our shareholders force a change for the better. However, I don't see it happening for another five years or so.
How do you know these numbers and the timeline?
What kind of correlation are you hinting at? Honesty on the survey or just not taking the survey? Also, where are you getting your numbers? And will it be more than one wave? ...if you really have insight.
I'm curious... if there any correlations between those on the RIF list & the "be frank" survey gulfstream conducted several weels prior?
Where are you getting that information. That sounds too early.