Article

2020-04-30 Economy

Boeing will cut its staff by 10% - more than 10,000 jobs - and slash its production of its main commercial planes, including the 787 and 777, after it reports $641 million first-quarter loss

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by Skidmark 2020-04-30 04:52|| || Front Page|| [11126 views ] Top

#1 On the union side, start by cutting people from the parts of the KC-46 production line that were responsible for "construction debris and tools" being left in spaces inside the aircraft resulting in rejection by Air Force inspectors.

Posted by M. Murcek 2020-04-30 07:31|| 2020-04-30 07:31|| Front Page Top

#2 Boeing deserves to fail. And after this fiasco with the "737" Max, I have zero sympathy for Boeing. In fact, some C-Suite pukes should probably hang.

Posted by Clem 2020-04-30 08:35|| 2020-04-30 08:35|| Front Page Top

#3 They earned it. All of the upper management needs to go.

Posted by DarthVader 2020-04-30 08:58|| 2020-04-30 08:58|| Front Page Top

#4 Move corporate HQ to Tulsa or Wichita. Having it in Bath House Barry land obviously didn't improve anything except the front office fukups' social lives.

Posted by M. Murcek 2020-04-30 10:29|| 2020-04-30 10:29|| Front Page Top

#5 Oh yeah I remember when they rejected the sweetheart deal that Dallas offered them. " We are going to Chicago, they have better restaurants there. " Also they were going to get into the China market. "Like a fish , the rot starts at the head . "

Posted by Thaith Elmeresing6163 2020-04-30 11:23|| 2020-04-30 11:23|| Front Page Top

#6 the sole function of a company is to make for its investors. when it stops doing that it downsizes.

Posted by Zebulon Hatfield1153 2020-04-30 11:54|| 2020-04-30 11:54|| Front Page Top

#7 The sole function of a company is to make a good product at a profit ~~for~~ so that its investors realize a gain from their investment. When it stops doing that it investors should flee ~~downsizes~~.

Pretty heavy lifting on that FIFY

Posted by M. Murcek 2020-04-30 12:11|| 2020-04-30 12:11|| Front Page Top

#8 Own goal.

Posted by Iblis 2020-04-30 12:53|| 2020-04-30 12:53|| Front Page Top

#9 Just visiting with a neighbor and topic of aviation maintenance outsourcing came up. I didn't know it, but there are lots of aviation repairs/maintenance tasks (he called them 'heavies') done in Taiwan and the far east. Evidently a 'heavy' maintenance cycle done on a 747 here in the states could cost $4-5m dollars. In Taiwan, about a quarter of that cost. Having flown over and monitored some of these cycles first hand, he indicated the Taiwan teams literally swarmed the aircraft by the dozens. He asked a supervisor what his people made and was told "about $20." He figured that was 'per hour.' He was wrong. It was $20. per day.

Posted by Besoeker 2020-04-30 13:00|| 2020-04-30 13:00|| Front Page Top

#10 And happy to make $20 / day and probably serious about their jobs because no aircraft mechanic union to cover them for smoking a joint on the job.

Posted by M. Murcek 2020-04-30 13:04|| 2020-04-30 13:04|| Front Page Top

#11 Kind of a shame, really. I remember flying on a 787 and it was pretty nice. Before that it was the 767, really smooth. But, yeah, if the investors are no longer getting their ROI, it's time for some changes.

Posted by Abu Uluque 2020-04-30 14:39|| 2020-04-30 14:39|| Front Page Top

23:32 trailing wife
23:30 Lex
23:29 trailing wife
23:21 trailing wife
23:12 49 Pan
22:43 trailing wife
22:42 swksvolFF
22:31 trailing wife
22:28 Lex
22:10 SteveS
22:08 swksvolFF
22:02 swksvolFF
21:54 swksvolFF
21:34 Dron66046
21:23 Dron66046
21:11 Dron66046
21:08 Dron66046
20:54 Lex
20:53 Frank G
20:52 Dron66046
20:37 Frank G
20:35 Frank G
20:29 NoMoreBS
20:21 49 pan