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Thread: Boeing Announces Big Layoffs in Defense Division

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    Boeing Announces Big Layoffs in Defense Division

    Boeing Announces Big Layoffs in Defense Division
    Published: Wednesday, 7 Nov 2012

    Boeing announced a major restructuring of itsdefense division on Wednesday that will cut 30 percent of management jobs from2010 levels, close facilities in California and consolidate several businessunits to cut costs.

    http://www.cnbc.com/id/49729998
    More bad news to come.

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    Re: Boeing Announces Big Layoffs in Defense Division

    Quote Originally Posted by katsung47 View Post
    More bad news to come.
    nothing new. This stuff happens in cycles.

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    Re: Boeing Announces Big Layoffs in Defense Division

    Quote Originally Posted by katsung47 View Post
    More bad news to come.
    California, well i see their going to be doing just fine.

    closings of business, and an increase in taxes.

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    Re: Boeing Announces Big Layoffs in Defense Division

    I have seen a list of about 20 recognizable big name companies that have announced layoffs in the last 48 hours.

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    Re: Boeing Announces Big Layoffs in Defense Division

    Quote Originally Posted by madman View Post
    nothing new. This stuff happens in cycles.
    Yeah says the apologist. You didn't read the articles about this did you?
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: Boeing Announces Big Layoffs in Defense Division

    Quote Originally Posted by katsung47 View Post
    More bad news to come.
    But how can this be? HOJ and a few others have told us time and again that California is doing just fine, their employment picture looking rosier.</sarcasm>

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    Re: Boeing Announces Big Layoffs in Defense Division

    Quote Originally Posted by Fisher View Post
    I have seen a list of about 20 recognizable big name companies that have announced layoffs in the last 48 hours.
    Likely to grow as they start to plan for the implementation of Obamacare as well as future tax expenses grow. I've talked to couple friends that own construction oriented companies and they've had several big jobs (large scale home renovations) cancel in the last 48 hours.

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    Re: Boeing Announces Big Layoffs in Defense Division

    Quote Originally Posted by katsung47 View Post
    More bad news to come.
    This is just the tip of the iceberg..........Standby for heavy rolls to port.
    "God Bless Our Troops in Harms Way."

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    Re: Boeing Announces Big Layoffs in Defense Division

    Announced the day after the election?

    Coincidence?

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    Re: Boeing Announces Big Layoffs in Defense Division

    This is unfortunate for the employees of Boeing. I hope that they and the surrounding community find other ways to be economically productive. However, this isn't a bad thing overall. Boeing's consolidation allows more capital to be used in more productive ways. That's how capitalism works, there is success, but failure is a critical part of the system.

    Now I can't wait for the conservative defense hawks to complain about the economic impact of lowering defense spending. The same people who dismiss Keynesian economics and the "energy socialism" of the Obama administration will get in a huff over multipliers, Keynesian crosses, and [taxpayer supported] jobs whenever there is talk of trimming the Pentagon's budget. When it come to defense, why do so many conservatives suddenly become fans of big government?
    Last edited by DrunkenAsparagus; 11-08-12 at 07:16 PM.
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