this post was submitted on 18 Nov 2024
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Work Reform

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cross-posted from: https://lemmy.world/post/22161530

SEATTLE (AP) — Boeing has delivered layoff notices to more than 400 members of its professional aerospace labor union, part of thousands of cuts planned as the company struggles to recover from financial and regulatory trouble as well as an eight-week strike by its machinists’ union.

The pink slips went out last week to members of the Society of Professional Engineering Employees in Aerospace, or SPEEA, The Seattle Times reported. The workers will remain on the payroll through mid-January.

Boeing announced in October that it planned to cut 10% of its workforce, about 17,000 jobs, in the coming months.

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[–] Modva@lemmy.world 20 points 6 hours ago (1 children)

And the executives and management... who did this to Boeing, what will happen them while the rest are having their lives thrown into turmoil?

Nothing, because after all, they were simply executing the mission of the shareholders (who are blameless in all of this). Maximize profit, minimize cost.

This is simply more of that same mission. They hurt the company, we pay with our livelihood.

[–] Coreidan@lemmy.world 6 points 4 hours ago

The executives got huge bonuses most likely