DOW is DOWN today. S&P is DOWN today. BOEING is in the midst of VLO, with ILO on the horizon, and their STOCK is UP!!! In this new era of leadership and transparency, I am certain all impacted Boeing employees can’t wait to wake up tomorrow read online news so they can find out what is in store for their collective future. Enjoy your millions while gutting the company BIG-D, and keep up the great work!!!
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That is true for the most part. Vlo are designed to offer layoffs to people who otherwise wouldn’t qualify. Higher seniority higher paid workers. It’s a win win. Boeing gets rid of higher paid workers and they are allowed to collect severance which they would not get if they retire.
There is no difference in money or benefits ln a voluntary layoff or involuntary layoff
They are not reducing 40%!! Stop trying to cause heart ache for fellow employees.
Guess I’ll take figure skating again!
Boeing just released a email to top executives, bother in-law Chicago’ 40 percent Washington and Charleston
Please prepare yourself to be thrown under the bus courtesy of Dave Calhoun. I was hoping for a VLO, but am now mentally prepared for an ILO because you've got to figure it's coming. The one big thing that would help prop-up the stock is cutting employees, and given Calhoun's background, it won't be an issue for him to reduce the "team". Boo-hoo, so sorry to let all of you dedicated One Boeing members go so I can look like I know what I'm doing and keep MY job. You big stockholders will now love me and let me survive, while I urinate upon the workers.
When Calhoun wouldn't announce anything on Monday, and would not comment on the Embraer deal other than a legal cover quote, you knew Wednesday would be a big deal. He knew full well what production would be on Monday, and maybe they were waiting to see how many would bite at the VLO before they started on the heavy cutting.
The one wild card is the bailout, which Calhoun didn't like because there were ownership strings and stock activity restrictions involved. IF they take the bailout, it might guarantee some jobs for awhile, and also prop-up employment in the supply chain, where vendors are already cutting many jobs. It would not be in Boeing's interest to have a lot of these suppliers go under, so what game is Calhoun playing?
I guess we'll all know tomorrow.
Even with a 40% head count reduction this dog will soon be $90.00 What a shame.
Layoffs have always been good for the stock price. Thanks for finally paying attention captain obvious
That's usually how it works. Investors see that the company is reducing operating costs and hopefully will successfully ride the wave and rebound.