Thread regarding Boeing Co. layoffs

This is What the US should do to Boeing!

Virgin Australia has gone into voluntary administration after the federal government again ruled out saving the airline, Guardian Australia’s Ben Butler and Anne Davies report.

The move will put more than 10,000 jobs and more than $1bn in prepaid tickets at risk.

The airline, which has been largely grounded since 25 March due to the coronavirus crisis, will appoint John Greig, Vaughan Strawbridge and Richard Hughes of big four accounting firm Deloitte as administrators.

The move comes after the federal government rebuffed its plea for a $1.4bn loan as part of a wider bailout of the industry and despite duelling offers of support from New South Wales and Queensland.

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| 971 views | | 3 replies (last April 22, 2020) | Reply
Post ID: @OP+14AqtyEp

3 replies (most recent on top)

In response to post below: Poor decisions that upper Management made resulted in the predicament that Boeing finds itself in. Your actions only, which resulted in lost lives. You are only remorseful because you got caught. You did this to yourself as well. So don't point fingers.

Indeed you were a major exporter, therefore, we all expected more from you. You have failed not only your employees on the production lines, but our economy in the Northwest as well, and the families of the lives that were lost. If you can not afford to keep the supply chain alive you are broke! Broken by your greedy immoral acts.

If you have other means to generate operating capital man up and bail yourself out. For starters no pay for CEO and upper management salaries for 5 years.

And finally, Boeing should get an education on how to run a business in an ethical way. Respect your front line workers for the job they do. And remember, without them you are nothing!!!!

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Post ID: @1mzz+14AqtyEp

First... it is called voluntary administration... the company did it to itself... and an airline is a very different animal than a major exporter and defense contractor (maybe you could ask the Chinese Gov't to protect you?).

Second... Boeing is not going broke. The only reason it would take a bailout would be to preserve jobs in BCA and BGS and keep the supply chain alive. The majority of the cost of building a plane is parts, not labour. If we shut down the plants and layoff the teams the vast majority of costs go away. Then we just work the defense side of the business and payoff our debt slowly.

Third Boeing has other ways to generate operating capital than just the government (share sales for example).

And finally you should get an education and make something of yourself.

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Post ID: @isj+14AqtyEp

Hell yes!! Totally agree Boeing does not deserve a bailout

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Post ID: @gas+14AqtyEp

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