Forward: Slow-Motion Train Wreck In Progress

BOEING Announces Big Layoffs In Cutback to Below 2010 Levels…

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[...]

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.

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23 Responses to Forward: Slow-Motion Train Wreck In Progress

  1. mare says:

    Good of them to wait until a day after the election to make these announcements. SCUM.

  2. DarthJay says:

    And let’s not forget the downward spiral the stock market is in right now, either. (sigh)

  3. Greg B says:

    My wife’s cousin is at Boeings Phantom Works.
    I haven’t talked to her yet but I’m wondering if they are going to get transferred, since ALL of Boeings CA plants are shutting down.

  4. Greg B says:

    And don’t forget these defense contractors were pressured into not triggering pink slip notices.
    That they are required by law to issue, BEFORE, the election.

  5. RUDE JUDE says:

    Maybe they will all get free phone.

  6. notamobster says:

    …and a free lunch.

  7. Rockheim says:

    I’m in that list.. I’m luckier than most. I have an expiration date that, due to the regulatory nature of things, stretches out for at least 9 months.. maybe up to a year and some change. I have time.
    Many don’t. Many show up to work and are told “We no longer need your services” and are shown the parking lot.

    Just remember folks.. “The economy is doing fine”..

    On a more positive note.. Our 2nd batch of laying chickens are ready for the coop and the old hens are ready to be processed. Learnin’ new skills all the time!!

  8. sortahwitte says:

    Rockheim. Keep your head up. You are not alone. Think about writing of your egg and meat production. We can all read “how to books-this is easy”. We need to hear of real experiences, the good, bad and ugly. Thanks.

    • notamobster says:

      Freedom Works has put together a list of companies that will be laying off employees as a result of President Barack Obama’s health care law:

      Welch Allyn

      Welch Allyn, a company that manufactures medical diagnostic equipment in central New York, announced in September that they would be laying off 275 employees, or roughly 10% of their workforce over the next three years. One of the major reasons discussed for the layoffs was a proactive response to the Medical Device Tax mandated by the new healthcare law.

      Dana Holding Corp.

      As recently as a week ago, a global auto parts manufacturing company in Ohio known as Dana Holding Corp., warned their employees of potential layoffs, citing “$24 million over the next six years in additional U.S. health care expenses”. After laying off several white collar staffers, company insiders have hinted at more to come. The company will have to cover the additional $24 million cost somehow, which will likely equate to numerous cuts in their current workforce of 25,500 worldwide.

      Stryker

      One of the biggest medical device manufacturers in the world, Stryker will close their facility in Orchard Park, New York, eliminating 96 jobs in December. Worse, they plan on countering the medical device tax in Obamacare by slashing 5% of their global workforce - an estimated 1,170 positions.

      Boston Scientific

      In October of 2009, Boston Scientific CEO Ray Elliott, warned that proposed taxes in the health care reform bill could “lead to significant job losses” for his company. Nearly two years later, Elliott announced that the company would be cutting anywhere between 1,200 and 1,400 jobs, while simultaneously shifting investments and workers overseas – to China.

      Medtronic

      In March of 2010, medical device maker Medtronic warned that Obamacare taxes could result in a reduction of precisely 1,000 jobs. That plan became reality when the company cut 500 positions over the summer, with another 500 set for the end of 2013.

      Others

      short list of other companies facing future layoffs at the hands of Obamacare:

      Smith & Nephew – 770 layoffs
      Abbott Labs – 700 layoffs
      Covidien – 595 layoffs
      Kinetic Concepts – 427 layoffs
      St. Jude Medical – 300 layoffs
      Hill Rom – 200 layoffs
      Beyond the complete elimination of a significant number of American jobs is another looming problem created by the health care law – a shift from full-time to part-time workers.

  9. rj says:

    I don’t think it’s gonna stay slow motion lor long….

    • notamobster says:

      On Wednesday, Murray also laid off 54 people at American Coal, one of his subsidiary companies, and 102 at Utah American Energy, blaming a “war on coal” by the administration of President Barack Obama.”

      Murray Energy is the country’s largest privately owned coal mining company, with about 3,000 employees producing about 30 million tons of bituminous coal a year, according to its Web site.

  10. Greg B says:

    Anyone have odds on when zero will attempt to nationalize all industries?
    It’s been a nagging thought in my head for a while.

  11. R.D. Walker says:

    He won’t attempt nationalization. He didn’t nationalize the auto industry so he won’t nationalize anything. A run a du jure socialism is a bridge to far for him. In any case, why would he? He can accomplish the same thing much more easily with corporatist de facto socialism of taxation and regulation.

  12. Greg B says:

    My thoughts are ( and I may not know what the hell I’m talking about) IF the large corporations decide that in order to be done with taxation & regulation, they just lay EVERYONE off and shutter factories and stores.
    I mean, what do they have to lose by such an action? They don’t need to keep working, they’re set. ( And I don’t see this as theirs people vs the rich, they are just being practical)
    The layoffs happening right now seem to be an “I told you so” kind of deal.
    I’m really having a difficult time putting this into words at the moment.
    Need to think some more. Cause I feel like I’m just rambling.

  13. R.D. Walker says:

    There isn’t much chance of large, publicly traded companies to do anything other than follow their fiscal map. GE or Ford Motors can’t just shut their doors out of spite.

    These firms are laying off workers because the iron clad laws of economics require it.

    In any case, there would be massive constitutional issues associated with a Hugo Chavez type nationalization play. Things are in the shitter, but they aren’t that bad.

  14. fubar says:

    I read somewhere that seizure and nationalization isn’t necessary with regulation and taxation in play. I wish I could remember where. i remember my blood chilling when i read the article.

    I also thought, at one time, the only way the USA would flip to communism would be by way of gulags, mysterious deaths, and firing squads. I didn’t even consider we’d go out with a whimper and not a bang. (not us personally – the country)

  15. notamobster says:

    I agree. He won’t nationalize. He’s a corporatist. More influence -peddling is in order. He’s knows which side his bread’s buttered on, and corporatism is the cow from which his butter comes!

    This term will be a model of rent-seeking. The veritable poster-child for fascism.

    His regulatory agenda will destroy his corporate ideological foes, and his favor will inure the enrichment of his corporate bedfellows.

    He will destroy major swaths of our economy and create artificial demand for others. Long, shitty ride ahead as he knocks America down a few notches to where he sees that she needs to be.

  16. R.D. Walker says:

    Maybe you read it right here, Fubar.

  17. Bman says:

    Fast “foward” to 2015. Think there would be many in congress who would like to have a convention to dismantle the 22nd amendment?

    I think it could be possible.

  18. R.D. Walker says:

    You can’t dismantle the Constitution without the approval of the states ad we have more Republican governors and legislatures than ever before.

    On a side note, our electorate is schizophrenic to elect Republicans at the state level, GOP House, Democratic Senate and a communist executive.

  19. John B. says:

    I work at the Momentive plant in Sistersville, WV a couple times a month. Never heard a peep about possible layoffs. There will be a lot more in this part of the Ohio valley after the first of the year.

  20. Greg B says:

    Bman, this is where my train of thought is coming from.
    The level of disregard and disdain for the Constitution that this president has already displayed really makes me suspicious.
    Paranoid? Perhaps.

    RD, I just read what you wrote in ’09. I had to read it twice to (hopefully) get a full understanding.
    But with the massive economic crisis coming, and prices of EVERYTHING starting to rise, what would stop him from attempting to seize total control?
    For the “greater good”, of course.
    This whole thing seems like a frikkin movie plot.
    But stranger things…… so on & so forth.

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