Thread regarding Boeing Co. layoffs

Another Failure
Boeing customer Ryanair says MAX 10 won't be certified by year-end

https://www.reuters.com/business/aerospace-defense/boeing-customer-ryanair-says-max-10-wont-be-certified-by-year-end-2022-08-30/?rpc=401&

Boeing (BA.N) appears to have accepted it will not be able to certify its MAX 10
aircraft fraud by a year-end deadline,
but it remains possible that U.S. lawmakers could give it more time,
major customer Ryanair (RYA.I) told Reuters on Tuesday.

Locked in my bennies this year. Earlier than I wanted to leave. Diminishing returns and too much risk to staying.

There's old engineers still at Boeing...just not good engineers... The good engineering managers totemed all their good engineers low so they could qualify for involuntary layoff which provided better benefits than voluntary layoff at the time. The writing was on the wall for many years that Boeing was quickly circulating the drain because of all the greedy, incestuous and ignorant leadership who put their personal welfare above the company and employees. No good employees...no good company...

Honestly I’m surprised there’s this many older engineers close to retirement still left. Boeing has been trying to lay off most of them for the last 10 years.

Any of these guys could come back as a consultant or contractor if they wanted to later. That’s why almost all will take the buyout. Most of them do not have any goodwill left toward the company and given how they’ve been outsourcing engineering everywhere.

BS started getting promoted over performance/substance at Boeing in mid-90s and continued unabated since then. This is also what has started happening to government elected office positions starting in 2016. Boeing and US democracy are doomed. You will soon be living in a Ta----n style controlled society. Enjoy.

Boeing been targeting their older engineers for layoffs for 10 years. This will speed it up.

You don't have to have a college degree to see what they are doing.

They are in trouble and can't afford to pay severance.

The old timers have seniority and can't be laid off easily with the union.

So we ask people to come back to the office and people leave

We cut pension payouts and old people leave.

No severance paid and less people on the payroll.

Easy Pezey

How many Boeing employees are confident that Boeing will still be in business 10 years from now and will be able to pay them their monthly pension check?

I think most are going to want to take the lump sum. And if you’re taking the lump sum why would you take almost $200,000 less by working an extra year?

Most of the experienced engineers took a voluntary layoff or involuntary layoff due to Covid and due to moving work to Charleston.

But those who have not already retired will certainly do that now. Will be the last of the brain drain.

I think Boeing was planning to replace the majority of these engineers with engineers at the Moscow design center because they are cheapest. They had ballooned to almost 2000 engineers in Moscow and Kiev While at the same time drawing down employment in Washington state by more than 30,000 less.

I know they have a design center in India but I don’t think they are manned up. Boeing made some very serious strategic errors in running the business. They had known for over 10 years that they had an aging workforce with potential for losing 1/3 of their employees due to retirement.

Instead of hiring more US based engineers they chose to try and replace them primarily with engineers in Moscow in Kiev. Now they have shot themselves in the foot.

I’m not sure how you design a new airplane when the majority of your employees have closed to zero experience on a new aircraft program. Sure that’s the recent Calhoun’s waiting to retire first and leave that problem to the next CEO. Problem is Boeing CEOs never look past six months and only care about next quarters profit for a bonus.

This is one company that’s been completely ruined by management decisions. I don’t see how they turn things around.

If they go to the government and ask for a bail out to Fund the next aircraft program after they spent millions on stock buybacks the government needs to say no and let the company fail

The best engineers and engineering managers left Boeing many years ago. Only the dregs and inexperienced people working for the dregs remain these days. But yeah, if you are one of the few people left at Boeing with a pension, best to get out before company enters bankruptcy and you lose it.