It cost Boeing Millions to build each 737 MAX. They don't get paid until they make delivery to the customer. They can't sustain the current production rate or employment levels for much longer. Rumor has it that there will be an announcement of a rate reduction coming soon.
Can anybody confirm this rumor? Can we get more info on it?
If you are a non-union engineer anywhere in the company that is a grade 4, 5, or 6, I'd get your resume out. You will be the first targets.
My husband works at Boeing and the executives announced during an all employee webcast that there will be some layoffs. Time to retire!!
Cracking in the 777 wings, along with bad engines probably looking at year or two delays
Boeing is facing a negative cash flow next quarter ‘ their going to do everything they can to prevent it. You can’t see the future’
@Exhourly
I don't think you understand the stock market loves downsizing. It rewards for this.
If you only knew.............
Boeing will keep things tight, keep the worker bees happy and not start layoffs .
If Boeing lays off workers the stock will go down they can’t let this happen so all future projects will be put on hold which includes the new unnamed Space plane, the 7k7 and even the 777X.
costs cutting is getting noticed there running out of $$$ and fast.
If a layoff hits your still going to get paid through unenjoyment 500-700 a week so hey if it hits enjoy the time off.
Boeing can’t let this happened it would lose even more $$$$$ creating a total chaos throughout the Boeing grid losing billions.
So basically you know nothing. You are speculating based on the facts at hand. You may be right, but have no more knowledge or insight than anyone else.
the writings on the wall build enventory $ sign is a line in the sand they reach that spending line bam! any company in trouble does this then cut back hard on most expesive comodity people its comeing and managment knows it , told not to say any thing about it who ever can keep their heads out of the sand can see it boeing wants non thinking cattle for employees like a prison i work there and regret ever appliing but stay for my wife and families so far bullys are not good bosses been a boss never seen anything like this some people should be walked ou daily for creating overtime intentionally
What is the date of this post? Work on the 737 in Renton, should I be receiving possible warn notice?
And you believe him?
Rate is said to drop to 37, layoffs to be announced in 10 days
Well, McAllister came out today saying the rate wasn't dropping. Staying at 42 per month.