after some searching on the boeing internet i found the reduction in force list for this year. so be prepared for a layoff every 2nd to last friday of every month until November 17th! Oh and there 2 dates in october where people will get warns
cheers!
What BCA is doing is systematically dismantling their entire QA program...all for the sole purpose of cutting costs.!!! Senior leadership believes that "Self Inspection" and "Statistical Analysis" of defects will eliminate the value & "excessive costs" associated with employing line QA's...something they like to call, "Inspection Optimazation"...a term most commonly used in determining maintenance scheduling for infrastructure & building facilities based on rate of use and how this impacts operations. Hang on to your hats folks, this will NOT change until something really bad happens...and it WILL...these people are playing a dangerous game in the name of maximum profitability and share-holder happiness!!!
They can only cut payroll (of production) so much before if starts affecting the build quality and delivery dates.....build quality is already being affected, and deliveries are being delayed, even though aircraft is ticketed. The cuts and direction they are taking the Quality organization is rather disconcerting.
Hmmmm according to https://www.fool.com/investing/2017/04/18/boeing-is-laying-off-hundreds-of-workers-heres-why.aspx Data from S&P Global Market Intelligence from 2011 through 2015 show that Boeing averaged 9.7% operating profit margins at its Commercial Airplanes division, ranging from a high of 10.9% in 2013 to a low of 7.8% in 2015. In 2016, however, margins at the commercial unit plunged to just 4.8% -- less than half the average from the preceding five years. This happened because sales declined 2% in 2016, and profits declined even faster, falling 5% year over year.
What it means for employees -- and investors
Now Boeing is promising a big reversal in fortunes for 2017. In its guidance for this fiscal year, released in January, management forecast a continuing sales slide to about $91.5 billion for the year, with most of that decline hitting the Commercial Airplanes division. Despite the continuing sales slump, though, Boeing is promising to boost its earnings per share by 36% -- from $7.61 earned last year to about $10.35 earned in 2017.
That's not going to be easy to pull off. In fact, if Boeing is to have any chance of satisfying investors by hitting its profit target, it needs to start pulling levers ASAP to help pull margins out of their dive -- by cutting expenses, and specifically cutting payroll. Judging from the stock market's reaction, investors like the fact that they're seeing Boeing taking at least a first step toward fulfilling its promise.
I'm guessing the folks getting laid off, though, are less enthused.
I am sorry to hear about these layoffs! If I can help you or your co-workers with your retirement planning, please contact me for a complimentary, no obligation consultation (800) 228-6647 email: lconnolly@emeraldwealthmanagement.com. Thank you.
The only lies I know about FOR SURE are those that come from the lips of the 777 leadership touting the successful integration of the entire FAUB manufacturing process along with supposed tremendous customer satisfaction with how Everett is building their 300 million $ airplanes!!!
The factory floor personnel from both sides of the aisle, union & management included, tasked with fixing the problem, will strongly disagree with this spin of the true facts...FAUB is a debacle of biblical proportions with denials from all senior leadership doing nothing more than blowing smoke around the truth!!!
It's not lies.
The reduction in force schedule is also available on SPEEAs website. (At least they don't leave their members fully in the dark).
Also, that schedule is complied every year. It doesn't mean that they will hand out WARNs/layoff, but if they are going to, the dates they will do it have already been predetermined.
However, rumor mill for IAM layoffs were said to extend into Oct, with the next two months: June/July being heavy hitters for handing out WARN notices.
Lies
Boeing employees, now would be an excellent time to downscale your lifestyle, rather than a sudden shock induced reaction that's too little and too late.