Boeing cutting more than 12,000 U.S. jobs with thousands more planned

Re:Boeing cutting more than 12,000 U.S. jobs with thousands ... by hadrien01 on Wednesday May 27, 2020 @12:55PM (#23326172)

If the market shrinks, they'll be hit just like Boeing, but there's also the current lockdown hit where Airbus has an advantage and can wait a bit more before announcing layoffs:

> For now, Airbus is relying on government-backed furlough schemes in France, Germany and Britain to reduce staff costs after earlier asking employees to take 10 days’ leave.

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Re:Boeing cutting more than 12,000 U.S. jobs with thousands ... by redisman on Wednesday May 27, 2020 @01:07PM (#23326368)

Sure but that doesn't sound like a great medium->long-term plan. I guess Boeing will get a similar bailout.

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Re:Boeing cutting more than 12,000 U.S. jobs with thousands ... by brummm on Wednesday May 27, 2020 @01:29PM (#23326730)

I don't think the US has anything like furlough in Europe. Also, Boeing just fired their employees. Nothing to be done about that now.

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Re:Boeing cutting more than 12,000 U.S. jobs with thousands ... by fragmede on Wednesday May 27, 2020 @10:31PM (#23332772)

I bet that Boeing will eventually get a bailout that is similarly huge in terms of dollars or euros. But I'll also bet it will be structured significantly different, with far fewer worker protections. That'll end up being better by the numbers, but there are a lot of intangibles that aren't reflected in the number on the bottom line.

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Re:Boeing cutting more than 12,000 U.S. jobs with thousands ... by benhurmarcel on Wednesday May 27, 2020 @05:33PM (#23330322)

Airbus is also currently using partial unemployment (furlough) in most of its sites.

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