Boeing layoffs

stubeeef · Mar 11, 2005, 10:12 PM

WOW, after laying off the CEO, they just did another 9,300!

Link

Quote:

The 60-day notices went to 5,200 hourly and 2,900 salaried production and service workers in Wichita, Kan. the Associated Press reported, citing Boeing spokesman Dick Ziegler.
An additional 1,200 workers also received layoff notices at Boeing's commercial aircraft plants in Tulsa and McAlester, Okla., according to the report.

The affected workers are being asked to reapply for their jobs with Onex (CA:OCXSV: news, chart, profile) . Last month, Onex agreed to purchase Boeing's commercial airplane manufacturing operations in Wichita, Kansas and Tulsa and McAlester, Okla. for $900 million, plus debt.

On Friday Boeing (BA: news, chart, profile) shares closed down 49 cents to $57.49.

Onex closed up 15 Canadian cents to C$20.55 in Toronto.

wdlove · Mar 12, 2005, 12:10 PM

I feel sorry for the employees involved. This seems unusual for a company to layoff employees prior to a sale transfer.

miloblithe · Mar 12, 2005, 12:24 PM

The economy! It's Bush-tastic!

virividox · Mar 12, 2005, 01:17 PM

wow the airlines are really taking a hit, and its extending to the manufacturers ...i hope those who lose their jobs are able to find employment elsehwhere

hcuar · Mar 13, 2005, 09:16 AM

Quote:

Originally Posted by virividox

wow the airlines are really taking a hit, and its extending to the manufacturers ...i hope those who lose their jobs are able to find employment elsehwhere

No... this is typical of Boeing ramping up and down. Nothing more. If they get another large project, they'll hire back just as many or more.

gkarris · Mar 12, 2008, 12:52 PM

Looks like Onex is buying the plants. Boeing employees are encouraged to apply for work at those plants.

Onex has a company that does aerospace design and manufacturing:

http://www.spiritaero.com/

Looks like maybe Boeing is just "outsourcing" some of the aircraft assembly to them?

Mar 12, 2005, 12:10 PM	#2
wdlove macrumors 604 Join Date: Oct 2002	I feel sorry for the employees involved. This seems unusual for a company to layoff employees prior to a sale transfer. __________________ First MacRumors "Contributor"

Mar 12, 2005, 01:17 PM	#4
virividox macrumors 68040 Join Date: Aug 2003 Location: Manila - Nottingham - Philadelphia - Santa Barbara - Boston (ugh hate not knowing where to call home)	wow the airlines are really taking a hit, and its extending to the manufacturers ...i hope those who lose their jobs are able to find employment elsehwhere __________________ 17" MBP , 2 gig ram, 200 gig fw800 + 120 gig fw400 + 250 gig usb2 ext, 5g 80gig Ipod, Tiger d200 & d70

Mar 12, 2008, 12:52 PM	#6
gkarris macrumors 601 Join Date: Dec 2004 Location: Somewhere In The Universe	Looks like Onex is buying the plants. Boeing employees are encouraged to apply for work at those plants. Onex has a company that does aerospace design and manufacturing: http://www.spiritaero.com/ Looks like maybe Boeing is just "outsourcing" some of the aircraft assembly to them? __________________ "This gate's plastic." Captain Carter, Stargate SG-1, "Touchstone" Mini/MacBook/iPhone/TV Olympus E-420/E-500, Canon 20D

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Mar 12, 2005, 12:24 PM	#3
miloblithe macrumors 68020 Join Date: Nov 2003 Location: Washington, DC	The economy! It's Bush-tastic!