WASHINGTON: US aerospace giant Boeing said on Friday it would cut about 4,500 jobs beginning next month amid a weakening global economy.
“We are taking prudent actions to make sure Boeing remains well-positioned in today’s difficult economic environment,” said Scott Carson, chief executive of Boeing’s Seattle-based Commercial Airplanes business unit.
By: old shape - 15th January 2009 at 00:11
Not necessarily, and not always.
ITYM never.
There is no Aerospace company that I know of which doesn’t put the bottom line first. Will it make money, can we pay a dividend? End of.
Without Government assistance, “Being involved” in a great programme eg Concorde has gone forever.
Government assistance is still there, but they want a return on the dollar too.
By: Grey Area - 12th January 2009 at 18:06
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By: nurturedcomms - 12th January 2009 at 17:11
Times…
Times are hard for the aviation industry. I guess everyone now must consider options, sometimes unpopular, that enable them to stay afloat.
By: Whiskey Delta - 10th January 2009 at 17:18
Maybe now the Unions with shut up and let Boeing do whats best for the company!
And what if the company decides that it’s in their best interest to level pay cuts, force mandatory overtime, cut benefits, raise insurance costs, etc. At what point do you feel that an employee at a company has the right to say no more? Publicly held companies are responsible to their shareholders, not their employees. Unfortunately a good number of companies fail to realize that you can’t sacrifice one for the other.
By: Grey Area - 10th January 2009 at 16:20
What, you mean those aren’t all the same thing? 😮
Not necessarily, and not always.
By: Hand87_5 - 10th January 2009 at 15:11
Maybe now the Unions with shut up and let Boeing do whats best for the company!
Best for the company???
I don’t think so , but “best for the stock holders” and “best for the huge bonuses of their executives” …. certainly!!
By: symon - 10th January 2009 at 14:35
If it has any effect on the B787, it’s likely to be that Boeing will see this as an opportunity to outsource more work overseas.
US and UK companies seem to be doing that at the drop of a hat these days.
I recently had an interview for a company that is a major contractor for Boeing and are now taking on more Airbus work. They said that they were interviewing for around 140 positions 😮
By: Bmused55 - 10th January 2009 at 11:59
Maybe now the Unions with shut up and let Boeing do whats best for the company!
By: Grey Area - 10th January 2009 at 08:26
And now the first 787 will fly in 2020!!
If it has any effect on the B787, it’s likely to be that Boeing will see this as an opportunity to outsource more work overseas.
US and UK companies seem to be doing that at the drop of a hat these days.
By: steve rowell - 10th January 2009 at 06:43
And now the first 787 will fly in 2020!!
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January 10, 2009 at 5:42 am