Boeing (BAC) Everett announced layoffs coming via internal memo to managers. The memo stated they will be laying off contractors until November. This is the typical, cyclic layoff period around the holidays regardless of how late one came in to the game. To avoid the Warn Act, they'll most likely do their layoffs under the radar, slowly but steadily to avoid having to file a Mass Layoff Notice.
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When your just a number in the Large Cap Stock Exchange
Per the Warn Act and Department of Labor:
The Worker Adjustment and Retraining Notification Act (WARN) protects workers, their families, and communities by requiring employers with 100 or more employees (generally not counting those who have worked less than six months in the last 12 months and those who work an average of less than 20 hours a week) to provide at least 60 calendar days advance written notice of a plant closing and mass layoff affecting 50 or more employees at a single site of employment.
Temps as well as contractors on 1099 and W2 are getting pinks this month after getting a heads up notice months ago. This labor law applies to anyone who is doing work. The only stipulation around that is seen above there regarding having worked less than 6-months in the last 12 months and a situation where, one works an average of <20 hours per week. Those are the two allowable exemptions per the department of labor.
Employees entitled to notice under WARN include managers and supervisors, as well as hourly and salaried workers. WARN requires that notice also be given to employees' representatives, the local chief elected official, and the state dislocated worker unit.
What some companies do, is trickle people out the door below the threshold of having to report layoffs to state officials. In those cases, companies like BAC prefer to protect their best interests vs. disclosing to the general public and investors that they're laying off. This is to keep getting those tax breaks at the state level for keeping x-number of employees employed. Also, lay-offs usually are tied to a downturn in sales / poor performance etc.
It's a smoke & mirrors show to skew the numbers. I've seen cases where, they've created hiring events while laying off just to keep in good standing numbers wise in order to keep receiving tax breaks and other monetary kick-backs and / or breaks.
September 3rd Boeing announced 200 engineers were being laid off in South Carolina.
Is there ever a period where Boeing isn’t laying people off?
Just asking.
Someone needs to rehire you...
Why would Boeing have to file a Mass Layoff notice when cutting Contractors or even issuing a warn notice to a Contractor when letting them go? Please enlighten us peasants.
Boeing has layed off all the OA's. Why not start cutting the over-bloated HR staffs and their Managers. What value does HR add to Boeing? Answer None.