Boeing Issues 9,300 Layoff Notices

[UpInArms]

http://www.forbes.com/home/feeds/ap/2005/03/11/ap1880351.html

Boeing Co. issued 9,300 layoff notices Friday as part of its sale of commercial aircraft operations in Wichita and Oklahoma to Onex Corp., with those workers being asked to apply for their old jobs with the buyer.

The 60-day notices went to 5,200 hourly and 2,900 salaried production and service workers in Wichita, said Boeing spokesman Dick Ziegler. Engineers have not yet received pink slips.

An additional 1,200 workers also received layoff notices at Boeing's commercial aircraft plants in Tulsa and McAlester, Okla.

The notices are part of the separation and re-employment process required as the Chicago-based aerospace leader transfers assets to Toronto-based Onex. Workers were asked to sign waivers allowing release of their personnel information to be considered for new employment with Onex.

Onex is forming a separate aircraft company in Wichita, which it has temporarily named Midwestern Aircraft Systems until a more permanent name is determined, said Ziegler, who also received a layoff notice.

...more...

[AlCzervik]

1. Holy hell!!!

[susu369]

2. UIA - back at the helm

:hi:

[UpInArms]

6. ah yes, back and reading the bad news

that flows freely (if you know where to look)

:hi: back at ya :D

[fortyfeetunder]

3. This move may come back to bite Boeing in the ass

Boeing sold this to Onex...but Onex's enterprise is to buy businesses and sell them.

In the old town section of Wichita, sits a EADS America (Airbus) field office. As y'all know, Airbus is itching to get a piece of the US tanker market to replace KC-135. And EADS America want facilities in the US to accomplish this.

I am secretly betting that EADS America will be looking seriously at real estate in Wichita and Tulsa and purchases those facilities from Onex.

Airbus partners with another US military industrial complex, and voila! Boeing is not a shoo-in for replacing the KC-135.

[punpirate]

9. Most of this can be traced back...

... to the fraud, insider contract manipulation and mismanagement related to the leasing arrangement that Boeing tried to work through Congress. Boeing tried to threaten the government with job loss when the leasing scheme was in trouble, by announcing they would have to close the Wichita facility, since that was the designated location to do the conversions before and after the lease period.

That didn't work, so they're selling it off. As you say, this place will likely end up in the hands of Airbus. Any way one looks at this, though, it's probably going to mean a significant eventual job loss.

[JDPriestly]

4. That's not the whole story.

Here's the frosting on the cake:

Isn't this just typical. The little guy gets laid off, can't find a job and loses his house. The big guy gets laid off and gets a $2.1 million bonus.

Boeing hands ousted CEO US$2m bonus

SAN FRANCISCO: Just days after demanding the resignation of its chief executive officer and president Harry Stonecipher, Boeing Co said it would hand him a US$2.1mil incentive bonus and keep him on the payroll till April 1.

Stonecipher, 68, was asked by Boeing’s board of directors to step down on Sunday after it discovered he was having an affair with a female executive.

The aerospace giant said it would continue to pay Stonecipher’s salary at an agreed rate of US$1.5mil a year through the end of the month, a decision that would deposit roughly US$60,000 – pre-tax – in his bank account before he officially leaves.

It also said Stonecipher would continue to receive benefits under its pension value plan and supplemental executive retirement plan till April 1. – AFX-Asia

http://biz.thestar.com.my/news/story.asp?file=/2005/3/12/business/10396632&sec=business

[XemaSab]

7. Golden Parachute

From an aircraft going down in flames.

[TahitiNut]

36. Well, that's how Poppy Bush did it.

:shrug:

[WindRavenX]

5. good gawd

How horrible :(
We're all going to be slaves to Wal-Mart at this rate...I'm going to graduate with 2 degree and for nothing x(

[Media_Lies_Daily]

20. Welcome to the 2-degree club.

[ClintonTyree]

8. Hey, there's PLENTY of jobs for them out there.................

at $5.50 an hour, with no benefits and 30 hours a week.



It's BUSH AMERICA!



Let the wageless recovery prosper!

[Media_Lies_Daily]

22. Burger engineers?

[Name removed]

10. Deleted message

Message removed by moderator. Click here to review the message board rules.

[hadrons]

12. I think Boeing gave their employees time off to attend a Dumbya rally

[Name removed]

13. Deleted message

Message removed by moderator. Click here to review the message board rules.

[bahrbearian]

18. Spoken with a BartCop hammer?

[Catch22Dem]

21. Fuckin' A, man!

I hate that shit. As if all Oklahomans deserve * because we're a red state. By that same dumb ass token, we're technically a red country. Does that mean we all deserve *? Fuck no!

[Skittles]

24. he's not talking about YOU

he's talking about the majority - we are always sorry when Democrats get pulled down in flames with their ignorance.

[saigon68]

25. Hey Catch---Tell us how you really feel

[Catch22Dem]

33. Apparently I can't

Muhahahahahahaha ;) Yeah, so I was a little drunk.

[Name removed]

23. Deleted message

Message removed by moderator. Click here to review the message board rules.

[bilgewaterbill]

31. No one has this coming.

No matter how they voted.

[Nikepallas]

11. Sorry I think it is a scam to get BUSHCO to order more weapons...

[UpInArms]

14. Here's the text of the Layoff Notice

http://www.kansas.com/mld/kansas/11114497.htm

Boeing layoff notice

excerpt:

As a result of work reductions in your job classification/skill due to the sale of the Wichita/Tulsa division, surplus action is being initiated which is expected to result in your permanent layoff (in excess of six months). The Company is providing this Advance Notification of Layoff so that you can plan accordingly.

Your layoff is scheduled to be effective May 13, 2005. The provisions of any applicable collective bargaining agreements, as well as Company policies and procedures regarding reductions in workforce, have been applied. Follow-up notification will be provided to you approximately two weeks prior to the actual layoff date.

...more at link...

[wildmanj]

15. layoffs

would venture to say at least 80% are republicans

[Fovea]

16. The deepest red states are sucking up a lot of hurt

lately. This will wreck the whole region's economy in a way that is far more damaging than ** can imagine.

[depakid]

17. Red state layoffs?

Crocodile tears...

I wonder what's going to happen to their pensions?

Hope they won't need to file bankruptcy....

[NuttyFluffers]

19. hmm, well that puts america in an even worse position...

i do not like this 'Bush's America' or 'Ownership Society.' i think i'll have to move to a more prosperous land at this rate.

[psantos]

26. Did Anyone Even Bother To READ The Article?!

I don't post on here but I think I need to chime in.

Because the contracts are non-transferrable, every Boeing employee is getting laid off and rehired under an identical contract by Onex. I should know, I work there.

[fortyfeetunder]

27. This is for the hourly and salaried folks?

Any mention what will happen to the engineers or SPEEA types?

(and welcome to DU! :hi:)

edited to welcome!!!

[psantos]

28. You have the option of

(a) being rehired by Onex

(b) collecting unemployment if you wanna seek something else

[Prisoner_Number_Six]

34. You forgot to mention that

c) rehiring means you go back to day one, thus losing seniority and accrued benefits.

[psantos]

37. NO. You are hired under the same terms and agreement.

[reformedreformer]

29. And as a former Boeing employee who left in 99...

This was part of the Harry Stonecephier/McDonald-Douglas mindset. Unfortunately Harry did a lot of damage to Boeing AFTER the buyout. Now with HArry gone, it will be a slow road to recovery but a recovery nontheless......

[psantos]

30. Stonecipher and Condit were a disaster...

I'd like for them to bring in Gordon Bethune.

[karlrschneider]

32. Are you in Tulsa? I have several friends who work there

...

[ausiedownunderground]

35. This is bad! Boeing used to be one of your best exporters!

It's very hard for people around the world to "boycott" American products if it comes in the shape of a Boeing aircraft! But lately Airbus has started to offer the world, planes better than Boeing. Oz airports are spending billions on upgrading their runways and terminals in order to recieve The Airbus 380, which is made in Toulouse, France. It will probably replace the Boeing 747. Singapore Airways want to fly the first one into Sydney in January 2007!!, although Melbourne will have upgraded before then. But they are only Melbourne!!