When these furloughs going down?
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Another right sizing in Sept and furloughs around Thanksgiving after adjusting rates. Flight testing to be delayed and stretched out a bit more.
Very much agree with the recommendation to remove personal items preemptively. I had family mementos including son’s Eagle Scout ceremony and high school valedictorian speech photos tossed in a box I didn’t see for 7 weeks. Had to beg with HR to get them back by Father’s Day. So humiliating.
I suspect another RIF early September. Lots of manager meetings and other signs not to mention work is slowing down.
Gulfstream has squeezed the potential out of the conventional buyers. It's like watching an old friend choose a path of self destruction. I love and miss the people of "the old Gulfstream".
Better get your personal items out of there preemptively. Those that have been down sized, fired, laid off, RIF, right sizing, sacked or whatever term is currently being used have received or not received (allegedly) would make me not want to take any chance.
I dumped all my GD stock when a whiff of coronavirus was mentioned. I’ve not been tempted to buy back.
@buylow - GD stock is pretty low. It is almost as low as it was 5 years ago when I started accumulating it in my 401K. So when will there be a high - will that be after GD divests GAC? Need some good info on what to do with that stock in the 401K and appreciate insight.
I really feel for my former colleagues I left behind at GAC. Being laid off s—ed, especially the way they did it. It felt like getting kicked in the nuts. I never expected a "thanks for the years of hard work" as I was showed the door, but being treated like a criminal s—ed. Now that I am in a better paying, safer job, the sense of relief of being out from under the constant layoff threat is euphoric. I still work hard, but not the 12 hour days, sometimes 6 and 7 days a week I put in while the 650 program was cranking. I haven't slept this good in a decade, although I miss Savannah. It rocked. Those of you have left Savannah behind where did you all end up?
Buy low, sell high.
After the company is carved up, won’t GD keep the defense side of the biz? Fits the mission, but profits on the defense side were not as good as the business jet side pre-pandemic. The big cuts just completed and future reorganizations and cuts might make it more attractive for GD to spin off GAC. Will anything remain? Asking as a laid off employee who is still a shareholder. I am re-employed and was one of the lucky ones that got a better paying job. But what should I do with a fair bit of stock rolled over from my 401K? Any guys still left have insight?
No furlough just more mass layoffs until the company gets divested
Already going down in Dallas. First round in completions was last week.