Kolkata Stocks:Industry shock!This giant "revenge" layoffs of 17,000 people!

Recently, the US Boeing Company announced that it plans to lay off 10%globally, involving about 17,000 positions. The reason for.

Industry shock!This giant "revenge" layoffs of 17,000 people!

Recently, the US Boeing Company announced that it plans to lay off 10%globally, involving about 17,000 positions.

The reason for the Boeing layoffs is also considered "retaliation" layoffs.

Boeing announced that as 33,000 US West Coast employees continue to strike, the company’s expected losses in the third quarter will increase significantly, or it will have a loss of $ 5 billion.

As a result, the company must significantly reduce the company’s 737 MAX, 767 and 777 jet aircraft, and the company must significantly reduce the staff and eventually "in line with our financial reality."

Figure source network copyright belongs to the original author

Boeing’s new CEO Kelly Ortberg said that our business is in trouble, and we will have to carry out structural reforms. In the next few months, Boeing plans to lay off 10%globally, involving about 17,000 positions, ""Executives, managers and employees" are facing risks.Kolkata Stocks

Although Boeing did not disclose the specific plan for layoffs, as of the beginning of this year, the company had about 171,000 employees worldwide, of which 147,000 were in the United States, mainly working in production plants in Washington and South Carolina.Famous employees.

As soon as the news came out, Boeing stock price fell 1.1%in the US stock market.Lucknow Investment

So what is the strike of 33,000 employees?

33,000 employees in the west coast of Boeing began strike on September 13.

Figure source network copyright belongs to the original author

Boeing mentioned a allegations to the National Labor Relations Commission on Wednesday to accuse the Boeing employees of the International Machinery Division and the Aviation Workers Association (IAM) failed to negotiate in a honest manner.

These strike employees complained that the salary increased slightly, while prices rose sharply, and the family burden was increasingly heavy.This is the first time that such strikes have appeared in 16 years, which led to the basics of Boeing commercial aircraft production, which affects the production of multiple models such as 737 and 777.

Since then, Boeing has promised to increase salary increases from 25%to 30%to end strikes.However, the negotiating representatives of the Gonghui believed that the move was "unpredictable" and demanded a salary of 40%.As a result, the related negotiations by federal agencies were ruptured not long ago.

Figure source network copyright belongs to the original author

The rating agency Standard S & P (S & P) estimates that the strike has caused $ 1 billion in losses to Boeing monthly, and Boeing is facing the risk of losing its highly respected investment -level credit rating.Bangalore Wealth Management

Boeing began to fall into trouble. From October 2018 and March 2019, Indonesian Lion Airlines and Ethiopian airlines successively occurred in air crash, causing a total of 346 people to be killed, and the crashed aircraft were Boeing 737 MAX passenger aircraft.

Figure source network copyright belongs to the original author

Therefore, this model has been grounded around the world for nearly two years.The survey found that the cause of the accident was related to the security design vulnerability of the new software system of the model.

Since then, the Boeing business has been impacted by the epidemic.

Since the beginning of this year, Boeing has been in a storm again.In January of this year, an "drop door" accident occurred during a 737 MAX passenger aircraft on Alaska Airlines.

Figure source network copyright belongs to the original author

A preliminary investigation by the National Transport Safety Commission found that when the aircraft left the Boeing plant two months ago, the four bolts required to install fixed doors were installed.

In addition to the old industry, Boeing also has many unsuccessful in the aerospace business. Because of the technical failure, the Boeing "interstellar passenger aircraft" spacecraft will cause two astronauts to stay at the International Space Station for several months.

Figure source network copyright belongs to the original author

Since the beginning of 2019, Boeing has lost about $ 30 billion in five years.

Many netizens questioned a series of questions in Boeing: "Can the Boeing aircraft still sit in the future? I feel that this company is getting more and more unreliable."

Can the Boeing Aviation Giants get rid of the predicament?

Varanasi Investment

This article was written by Admin88