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Boeing To Lay Off Hundreds of Engineers Amid Sales Slowdown (reuters.com)
According to Reuters, Boeing has warned its employees that it "planned another round of involuntary layoffs that would affect hundreds of engineers at its commercial airplanes unit." From the report: The latest job cuts followed a prior involuntary reduction of 245 workers set for May 19 as the company responded to increasing competition and slowing aircraft sales. The additional layoffs are due to start June 23, according to the memo from John Hamilton, vice president of engineering at Boeing Commercial Airplanes. "We are moving forward with a second phase of involuntary layoffs for some select skills in Washington state and other enterprise locations," the memo said. "We anticipate this will impact hundreds of engineering employees. Additional reductions in engineering later this year will be driven by our business environment and the amount of voluntary attrition."
Some exec is looking at the millions he saved by getting rid of all that pesky R&D/QA and going, "Man, can you believe we spent millions on personnel who just made sure stuff worked right? Good thing that's all going to my fat bonus now."
Why are the engineers always being fired first? Guess it's being something thougth by some random MBA course or something?
I wonder how this report squares with the one from late February that "Boeing and Airbus Can't Make Enough Airplanes To Keep Up With Demand". Poor workforce management? One of these two stories must misrepresent the truth.
There has never been, and never will be, a shortage of engineers.
There is, however, a surplus of greed and stupidity amongst the 1% that means people with decades of experience and education are forced to run around like dogs on the street looking for work. Meanwhile none of the 'shareholder activists' and C level executives will ever feel even the slightest ounce of pain, regardless of how many failures they create.
There was no purpose in winning the cold war - we have replicated the worst parts of the Soviet Union all by ourselves.
They took a hit when Trump announced "Cancel Order!" to their Air Force one bid. Our entire economy is built around short term stock bumps because most CEO pay is in bonuses and stock options (so that they don't have to pay income tax on it).
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I did, and he could. It wouldn't take much. Take the farm subsidies, move them over to education. Cut the military budget by 25% and move it to education. Remove the loan programs and just pay colleges a flat fee per student. It's not that difficult, many other countries have free college for their students, some even pay a stipend so the student can eat and have a place to live. Of course, those are first world countries so maybe the comparison isn't fair. ;-)
OTOH, NY just made college free so what do you make of that?
I guess I'd enjoy tRumpf squirm too if he had the brainpower to realize how much of a dumb fat-fuck he is. I do wish he'd be competent enough to get rid of free-trade and implement border/VAT taxes but he'll go with the flow in order to make money for him and his shitty kids and businesses. He is literally the ultimate sell-out.
Only I can judge you.
In other news... Indian software contract houses today announced new billion dollar contract with Boeing,
Staying with aviation news: The FAA today announced a new initiative to "update" engineering standards covering aircraft manufacture. a spokes person was quoted as saying "certain FAA standards, especially those covering software quality/safety in aircraft have been unnecessarily complex and burdensome to the aircraft industry for years".
That's akin to looking up at 3" of water above your head and deciding the best course of action to take a breath of air is to swim *downward*.
Nope we are beginning to see the effect of Trump's electronics ban on Gulf airlines. They are moving orders away from Boeing to Airbus
**Life is too short to be serious**
I have studied aeronautics and I was told that U.S. aeronautical engineers were called "gypsies". All the U.S. aircraft were designed by the same team of engineers, who were hired for a design job, fired afterwards and therefore went from factory to factory to be able to make a living. For us European students, it was totally absurd that you would have to spend a large part of your life studying and still end up as a dragged-around gypsy.
Nae king! Nae laird! Nae yurrupiean pressedent! We willna be fooled again!
Econ 101 - there is no such thing as a free lunch.
You might want to study a little bit more economics and realise that economics is not a zero-sum game and that there is such a thing as an investment with a positive return. Then learn about incentive systems.
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