Thread regarding Boeing Co. layoffs

https://qz.com/boeing-whistleblowers-retaliation-1851405873

Boeing whistleblowers say Boeing retaliates against whistleblowers.
You Think!!!
I would call aѕsasѕination, retaliation.

Employees are afraid to speak up about what they see as safety
lapses at the company, whistleblowers say.

DeatҺ is a powerful motivator.

777X can't be certified because of safety concerns with durability of folding wing tip design that currently doesn't have any resolution plan acceptable to FAA. This has been situation for last 5 years.

https://onemileatatime.com/news/boeing-777x-delay/

The 777X is Boeing’s new flagship aircraft. While the jet was initially supposed to enter commercial service in 2020, that timeline has been pushed back considerably, and officially the plane is now supposed to enter service as of 2025.

The plane has been delayed for a variety of reasons, ranging from production issues, to engine issues, to certification issues, to the pandemic.

Going back several years, the Boeing 777X was supposed to complete its first test flight in mid-2019, but that ended up being pushed back to early 2020. This delay was due to issues with the GE9X General Electric engines on the plane. These are the largest engines ever on
a commercial plane, though they were having durability problems, causing a delay in certification.

That wasn’t the only issue, though — during the 777X certification process, a door also blew off during a stress test
(hopefully not due to missing bolts!).
But that was only the start of the issues.
Then Boeing had its first round of issues with the 737 MAX,
when two of the jets had fatal crashes.
That doesn’t even account for the latest issues with Boeing’s production quality, which has caused most of the company’s
senior leadership to be fired.

Airline pilots are being furrowed without pay from lack of Boeing planes. Boeing is expected to lose at least $4B this quarter. But all will be great soon so buy Boeing stock...and DJT stock too...hahahaha.

https://www.businesslive.co.za/bd/companies/industrials/2024-04-04-boeing-737-production-falls-sharply/

Boeing 737 production falls sharply
FAA regulators have stepped up safety inspections, which have had
a knock-on effect

The Federal Aviation Administration (FAA) has imposed a cap of 38
jets a month after a blowout on a 737 MAX in January, blamed on
an assembly error. But the monthly output rate is fluctuating well
below this level and in late March fell as low as single digits,
they said.

Why, some may ask. Because it is our legitimate capacity for building
A fully assembled and certifiably inspect aircraft.
Do you remember when we use to have the staff for more capacity?
This was before we started building 737 Toyota's.

Boeing also says it has made efforts to reduce the amount of
“travelled work” — or planes moving down the line
With jobs still needing to be fixed from earlier workstations.
This Was Done By Clueless Moгonic Inept Management
The effect is to slow overall production and, in turn, deliveries.

Department. Boeing doesn’t need a strategy department because everybody knows what the strategy is. Prop up the stock price pay the CEO and friends millions and leave the company a shell of what it was. You can only do that for so long before the company is defunct.

"Almost immediately after Mr. Welch retired in September 2001 with a $417 million severance package, G.E. went into a tailspin from which it would never recover.

His pupils, though, went on to run dozens of other major companies, including Home Depot, Albertson’s, Chrysler and Boeing. Most of them failed."

https://www.nytimes.com/2022/05/21/business/jack-welch-ge-ceo-behavior.html

Truly a self destruction story for the ages. If a company can so easily be destroyed from within by a small group of degenerates, so can a country.

Yeah, musha rain dum a doo, dum a da, ha, yeah
Offshore my daddy, oh
Offshore my daddy, oh
There's whisk-y in the jar, oh

Boeing at risk of bankruptcy with one more set back.

Any company that gets rid of its strategy department has already accepted or chosen its path...a short future with Jack Welsh inspired breakup with big executive severance packages:

https://www.bloomberg.com/news/articles/2024-02-22/richard-aboulafia-on-troubles-at-boeing-i-ve-never-seen-anything-like-it

Problem with blaming anyone other than the Boeing leadership is that it was the Boeing leadership who set Boeing's hiring policy and then hired the so called lazy and incompetent Boeing employees. So ultimately...ALL of Boeing's failings are the full responsibility of the Boeing leadership. And it was Boeing leadership who set the policy to put stock price above ALL else. And Boeing employees with half a brain know that Boeing is doomed regardless of how well they do job. Boeing is now the sinking Titanic with their PR band still playing sweet music to Wallstreet ears to try to keep stock price high for more executive severance packages.

Boeing was the cathedral of American aviation. Other better companies have already taken Boeing's place in Defense and Space. Companies to big to fail must be broken up. Boeing was offered a federal bailout after the 737Max accidents but turned it down because it required them to stop stock buybacks and to reduce their executive severance packages. They took a $40B private loan instead. They are expected to lose another $4B this quarter.

But don't worry...swapping out the current bean counters for the next wave of bean counters will make all well going forward. Buy Boeing stock now as it will go to $1000 per share in a couple months.

No idea how this cash flow works. I just know big companies get easy money from the feds.

Gosh OH Gee Is It Me
OR
Does Having Inspectors Sound Real Cheep Now?

Push 737 Toyota Down The Line And Out The Door

You Repugnant Ant Brain Miscreants

Many now working there will feel the pain in short order.

Boeing is a cathedral of American aviation so it is too big to fail.

Not like there wasn't a loud abandon ship alarm for past few years. If you haven't found your lifeboat by now you will be left in very cold water. Anyone still at Boeing deserves what get. Fostering and supporting bad karma begets bad karma. Sad but true.

https://www.avionews.it/item/1257402-boeing-financial-liquidity-alarm.html

Boeing: financial liquidity alarm
US group radically reorganizes company to raise cash flow

There is a financial liquidity alarm for the US Boeing Group, specialized in the
aerospace and defense sectors. The reason? The slowdown in the production
of 737 Max family aircraft imposed by the American Federal Aviation Administration
(FAA) due to the problems experienced by this plane model. Above all, the explosion
of a door in flight on a 737 Max 9 of the Alaska Airlines company on January 5, 2024.

"We are deliberately slowing down to get it right. We are the ones who made the
decision to limit the target of the 737 program and we will feel the impact in
the coming months but are unable to make short-term predictions due to the work
we are doing. carrying out on the group. We will be more precise,
but it will take time", explained the Group's financial director,
Brian West, recently during a press conference in London.

According to the manager's forecast, Boeing will burn more liquidity than estimated
in January 2024 (1 billion dollars):
there is now talk of losses of between 4 billion and 4.5 billion dollars in the
first quarter of this year; --- analysts are more pessimistic:
at least 5 billion dollars. The objectives that the Group had set itself this year
are no longer achieved: above all, raising the monthly production target to 50 Max
dҽathtraps by 2025, which is instead stuck below 38 planes, as in 2023.

In an attempt to stem the crisis after the self inflicted problems that blocked the
production of its most infamous aircraft, the Boeing 737 Max DeatҺtrap,
Boeing is radically reorganizing the company, the new safety standards which are
Replacing the non existing ones along with trying to re-incorporate
Spirit Aerosystems, the company we sold because we did not see a need for the
Vertical Integration of our product line
Next is the possible sale of some units of the Space and Defense division.
You know, our other boondoggles. RIGHT, sure we will find a buyer for our
antiquated space program, so someone else can compete against SpaceX
with our StarLiner POS

The goal is to bring cash flow to 10 billion dollars as soon as possible.

And all of this sh t is happening with contract coming up get your popcorn ready this is gonna 😁 😂