Boeing To Cut 4,000 Jobs As Battle With Airbus Wages On
Source: Guardian UK
Boeing is cutting about 4,000 jobs and could double that number this year to slash costs as the worlds biggest aeroplane-maker faces intense competition from Europes Airbus.
The Chicago-based company said it would reduce the headcount in its commercial airlines division by 4,000, with around one-third through voluntary layoffs and the rest by leaving positions unfilled, a spokesman said.
While there is no employment reduction target, the more we can control costs as a whole the less impact there will be to employment, Doug Alder told Reuters.
The job cuts would include hundreds of executives and managers and employees would only be forced to leave as a last resort, he said.
Read more: http://www.theguardian.com/business/2016/mar/30/boeing-to-cut-4000-jobs-as-battle-with-airbus-wages-on
Boeing Plans To Cut Up To 8,000 Airplane Jobs: Sources
Boeing Co (BA.N) plans to cut up to 8,000 jobs this year at its commercial airplane division, according to two people familiar with the matter, a move that could slash $1 billion in costs and help it battle for sales against European rival Airbus (AIR.PA).
Boeing on Wednesday acknowledged plans to cut about 4,000 jobs in its commercial airplanes division by mid-year, and another 550 jobs in a unit that conducts flight and lab testing.
Sources said the company's broad goal is to cut employment by 10 percent at its commercial airplane unit, which has about 80,000 employees.
Boeing said the 8,000 figure is hypothetical and that it does not have a specific goal for job cuts.
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http://www.reuters.com/article/us-boeing-redundancies-idUSKCN0WW0AF
JonLeibowitz
(6,282 posts)Initech
(100,081 posts)yeoman6987
(14,449 posts)But maybe save 10 workers which is a start.
KeepItReal
(7,769 posts)Must be executive bonus season.
This would take Boeing's 2015 orders to over 460 commercial airplanes. This compares with 815 net orders for Airbus. Both Boeing and Airbus have hefty backlogs in commercial jet orders.
In the most recently reported figures, Boeings and Airbus backlogs stood at over 5,650 and 6,750 commercial jets, respectively. Given the sheer size of the backlog, it will take longer times for both companies to fulfill the orders at current production rates, which, in turn, could reduce the inflow of new orders. Having said that, both Boeing and Airbus are considering an increase in their production rates. In fact, Boeing has so far delivered 580 airplanes in 2015, of which, 101 were 787s. The initial target was to deliver 100 787s for the full year and it is likely to end up somewhere around 130 by end of the year, in our view. So, Boeing is working on enhancing the production capacity and clearing the backlog faster, so as to best accommodate customers needs and minimize cancellations.
http://www.forbes.com/sites/greatspeculations/2015/10/08/why-it-makes-sense-for-boeing-to-continue-increasing-its-production-rate/#2124ad5777b2
groundloop
(11,519 posts)And I tend to agree, the only possible explanation would be a short term bump in stock prices to enhance bonuses and stock options.
As someone who has suffered job loss due to corporate shenanigans I'm absolutely livid about how callously upper management deals with layoffs. They'll not be inconvenienced one iota yet they're perfectly willing to send thousands of people to the unemployment line. Those employees well spend weeks or months finding new jobs, not knowing if they'll lose their houses etc.
liberal N proud
(60,336 posts)The last Airbus plane I was on, was so quite, I didn't need to wear my noise canceling headset.
I have always been a huge fan of Boeing's planes, my favorite jet is still the 747, they almost float through the sky but Airbus is beating them with their newer jets.
LongTomH
(8,636 posts).....to get the work done.
That happened with my old company, WorldSpan, I was laid off as part of a downsizing in 2005. In 2008, I got a chance to come back as a contractor (no benefits) for a year to work on a system I had designed for our client, Northwest.
valerief
(53,235 posts)Of course, not. What was I thinking?
DrBulldog
(841 posts)Thus a loud hint about how they feel about their own workers.
HuckleB
(35,773 posts)Turn CO Blue
(4,221 posts)and the manufacturing line floors were cleaner than a surgical theater.
Great week.