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Thread: Boeing to cut 4500 jobs

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    Veteran Member bajisima's Avatar
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    Boeing to cut 4500 jobs

    The world's largest plane manufacturer Boeing plans to cut more than 4,500 jobs by the middle of the year to reduce costs.

    "The cuts account for almost 3% of Boeing's workforce, which comprised 161,000 people at the end of last year. Boeing is reacting to concern that demand for its jets is slowing. Boeing delivered a record 762 planes last year, exceeding its previous forecast. However, last year saw a big fall in new orders."

    As of 31 December, Boeing's backlog of orders stood at 5,795, representing more than seven and a half years of production at the current rate.

    With Boeing and Airbus factories running at full capacity, airlines have been reluctant to spend billions of dollars on aircraft that they would not receive for several years.

    Boeing to cut more than 4,500 jobs to reduce costs - BBC News
    Thanks from mrmike and Tedminator

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    Southern Strategy Liberal OldGaffer's Avatar
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    They have a backlog of 7 and a half years production and they are cutting jobs? Why, to increase the backlog to ten years?
    Thanks from BitterPill and Tedminator

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    What a shame...

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    Veteran Member bajisima's Avatar
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    Quote Originally Posted by OldGaffer View Post
    They have a backlog of 7 and a half years production and they are cutting jobs? Why, to increase the backlog to ten years?
    Yes because their orders are lower for the next couple years. Makes sense, no? lol

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    Ignorance Is Virtue BitterPill's Avatar
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    Quote Originally Posted by OldGaffer View Post
    They have a backlog of 7 and a half years production and they are cutting jobs? Why, to increase the backlog to ten years?
    That's a good question.

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    Southern Strategy Liberal OldGaffer's Avatar
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    "Fuck, we are down to a 7.5 year backlog, fire a shit ton of people, lets get this backlog back up to 15 years where it belongs...." Ship some of these jobs to Mali, they have a really great work force there that will work for literally, peanuts"

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    the "good" prag pragmatic's Avatar
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    Quote Originally Posted by OldGaffer View Post
    They have a backlog of 7 and a half years production and they are cutting jobs? Why, to increase the backlog to ten years?
    A major layoff is a big decision for Corporate management to make.

    What is your guess as to why they did it??

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    Southern Strategy Liberal OldGaffer's Avatar
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    Quote Originally Posted by pragmatic View Post
    A major layoff is a big decision for Corporate management to make.

    What is your guess as to why they did it??
    It says they are worried about their backlog.....<shrug>

    Boeing's backlog of orders stood at 5,795, representing more than seven and a half years of production at the current rate
    They want to cut production to increase the backlog it seems.

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    Quote Originally Posted by bajisima View Post
    The world's largest plane manufacturer Boeing plans to cut more than 4,500 jobs by the middle of the year to reduce costs.

    "The cuts account for almost 3% of Boeing's workforce, which comprised 161,000 people at the end of last year. Boeing is reacting to concern that demand for its jets is slowing. Boeing delivered a record 762 planes last year, exceeding its previous forecast. However, last year saw a big fall in new orders."

    As of 31 December, Boeing's backlog of orders stood at 5,795, representing more than seven and a half years of production at the current rate.

    With Boeing and Airbus factories running at full capacity, airlines have been reluctant to spend billions of dollars on aircraft that they would not receive for several years.

    Boeing to cut more than 4,500 jobs to reduce costs - BBC News
    THERE WE HAVE IT FOLKS! It's confirmed....

    THE DEMOCRATS won the 2016 election!



    Boeing knows there will be BIG MASSIVE CUTS in military spending.

    They get 17 billion a year in contracts. BYE,... BYE freeloaders!

  10. #10
    the "good" prag pragmatic's Avatar
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    Quote Originally Posted by bajisima View Post
    The world's largest plane manufacturer Boeing plans to cut more than 4,500 jobs by the middle of the year to reduce costs.

    "The cuts account for almost 3% of Boeing's workforce, which comprised 161,000 people at the end of last year. Boeing is reacting to concern that demand for its jets is slowing. Boeing delivered a record 762 planes last year, exceeding its previous forecast. However, last year saw a big fall in new orders."

    As of 31 December, Boeing's backlog of orders stood at 5,795, representing more than seven and a half years of production at the current rate.

    With Boeing and Airbus factories running at full capacity, airlines have been reluctant to spend billions of dollars on aircraft that they would not receive for several years.

    Boeing to cut more than 4,500 jobs to reduce costs - BBC News

    Mostly through attrition. And no current plans to fire anyone apparently.

    Which improves the news somewhat.

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