It's going on again. Local management ordered overtime and a request for contract help to meet schedule on the new plane scheduled to come out by the end of the year. Corporate sends their finance auditors and tells local management to cut out the overtime and layoff the contractors. And this happen in a matter of two weeks time. Cutting off the knees of your own local management is not good management. So the people at the top are only thinking about their own profits, not the profits of the company and the future of the company. They thing only of themselves and what they can get by artificially juicing up the stock price. And the CEO will be retiring in August 2018, (when he gets $500,000 a year in Pension out of the pension fund guaranteed for the rest of his life) so he's got to do the gutting of the company soon so he can sell off his stock options at the highest price possible. Go figure.
Bumped from an old thread, but completely on point. Sad but true situation at Textron.