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Boeing Announces Big Layoffs in Defense Division
Boeing announced a major restructuring of its defense division on Wednesday that will cut 30 percent of management jobs from 2010 levels, close facilities in California and consolidate several business units to cut costs.
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The company [BA 70.98 
0.87 (+1.24%) 
] told employees about the changes on Wednesday, in a memo obtained by Reuters and confirmed by Boeing.
Boeing, the Pentagon’s second-largest supplier, said the changes were the latest step in an affordability drive that has already reduced the company’s costs by $2.2 billion since 2010, according to the memo.
The measures come as U.S. weapons makers are under pressure to cut costs and preserve profit margins amid dwindling defense spending in the U.S.
In a message to employees, Dennis Muilenburg, chief executive of Boeing Defense, Space & Security, said the company aimed to cut costs by an additional $1.6 billion from 2013 through 2015.
“We are raising the bar higher because our market challenges and opportunities require it, and our customers’ needs demand it,” Muilenburg said.
He said the total savings would reach $4 billion, making the company healthier and better able to deal with a tougher marketplace.
He said Boeing would cut the number of executive jobs an additional 10 percent by the end of 2012, bringing overall cuts in its executive team to 30 percent for the past two years, a move that would result in a 10 percent cut in management costs.
Mr. Happy
November 8th, 2012
The sad part is that most of those Boeing employees were probably Republicans and come 2014 they will be nearing the end of their 99-weeks of unemployment and will likely be swayed by some Dem promising them more of your tax money, rather than a Republican promising them a shot at another job via a stronger economy.
Neat system, eh?
Bad Brad
November 8th, 2012
They were not Republicans. Most of them probably belonged to the Aerospace Machinist Union or what ever, I know that wrong, and voted for the second coming.
Bad Brad
November 8th, 2012
But then again I can’t wait for Falling Down part 2.
http://www.youtube.com/watch?v=-eREiQhBDIk
/
FreeMan & Sarah Voting Early & Often
November 8th, 2012
If the Prezzy is downsizing the military than looks like Boing boing will be out of a job.
Moe tom
November 8th, 2012
But weren’t they to hold off, laying off, untill after the election? heeeeee.haaaaaa.,.hoooooo We’re fucked. 60 days notice heeee heee. You know in real life you would never give a bar tender, for example, notice of a lay off. He would rob you blind. You walk into the bar and tell the thief, you’re fired. Get out. I could tell you stories but I’m too tired. Some law says you got to give employees 60 days notice. The Obama regeime cajoled the employers not to do it until after the election. The employers (scumbags) complied. So now we have a deluge of layoffs, but it’s after the election. My point is:
When the Clintons knew they had to leave the White House, they robbed the place blind. 60 days notice? Gettofuckouttahere!. I want to lay a guy off, which I did in the old days, I’d have his check and say Sorry Joe, we are winding down, but call the office in a day or two. But Joe was a tradesman and will be taken back as soon as we get work.
Did I make any sense?
Chalupa
November 8th, 2012
Barry’s road of recovery is very bumpy.
Doc
November 8th, 2012
Recovery my ass…he want us as a third world shithole!
Commissar M
November 9th, 2012
I will note too that Boeing moved their corporate HQ from Seattle to Chicago a few years back, so I imagine some of those lay offs will impact 0bama’s home turf. Darn….
On the down side, BAE is a pretty big employer in my part of the country and I suspect we’ll take a hit pretty soon, too. The BIG prize is Ingalls Shipyard with all those union jobs. Wonder how long before the down-sizing hits them?
? everything
November 9th, 2012
management is typically non union, 30% of middle mgmt is being laid off, regardless it has started.
Plain P-O'd Jane
November 9th, 2012
Bad,
“They were not Republicans. Most of them probably belonged to the Aerospace Machinist Union or what ever, I know that wrong, and voted for the second coming.”
Not. It’s management.
Bad Brad
November 9th, 2012
Plain P-O’d Jane, I know better then to doubt you. But that makes no sense. Unless the gutted the old Rocketdyne. Where are you getting the 411 I’d like more info. Thanks.
Bad Brad
November 9th, 2012
Jane, If this article is what you are judging where the cuts are coming from, it not very definitive. And it does mention “Workers”. I don’t know. Anyway you look at it, Barry’s having a stellar effect on free enterprise.
RosalindJ
November 9th, 2012
I’ll call you and raise you. Last 48 hours:
Abbott Labs
Atlantic Lottery Corporation
Boeing
Bristol-Myers
Boston Scientific
Caterpillar
Center for Hospice NY
CVPH Medical Center
Commerzbank
Corning
CVPH Medical Center
Dana Holding
Energizer,.
Ericsson,
Gameforge Berlin
Groupon
Harley-Davidson
Hawker Beechcraft
Husqvarna
Iberia,
ING
Kmart
Lightyear Network Solutions
Lower Bucks Hospital
Majestic Star Casino and Hotel
Medtronic
Momentive Performance Materials
Oce North America
Pepsi
PerkinElmer
Providence Journal
Research in Motion
Smith & Nephew
SRA International
St. Jude
Stryker
Target
United Blood Services Gulf
US Cellular
Vestas Wind Systems
Welch Allyn
Westinghouse
Bob M.
November 9th, 2012
Yee ha.
MORE jobs the DEMOCRAPS can outsource to China…