After reporting a quarterly loss of $56 million ($968 million in its commercial airplane division), Boeing announced plans to cut 10,000 jobs in 2009.
That number includes the 4,500 job cuts previously announced, mostly in the Puget Sound area. And how many of the remaining 5,500 job cuts will target our region? According to the P-I, “some“… with the cuts being spread across the company geographically.
Considering that almost half of Boeing’s 162,000 employees are in WA state, I suppose we should expect to absorb almost half of these newly announced cuts.
I few thousand here, a few thousand there… pretty soon this starts to add up to a bad recession.
Seattle-area food banks:
http://www.seattle.gov/humanse.....County.pdf
Other food bank links:
http://www.foodlifeline.org/hu.....index.html
The King County Housing Authority website, and how to apply for Section 8 and subsidized housing.
http://www.kcha.org/lookingfor.....tion8.aspx
List of KCHA subsidized communities:
http://www.kcha.org/lookingfor.....rlist.aspx
If I weren’t so lazy, I honestly would create a sort of local how-to-survive-this-recession blog, filled with tips on where to get free and subsidized food, clothes, and housing, etc.
$968 million is sixteen times as much as $58 million. But does math matter, if you can get the scoop out on someone’s upcoming misery?
Hmm, second time I’ve tried to post a comment, without success. Perhaps this one would work?
I guess something in Goldy’s filter didn’t like my link to today’s Seattle Times article about how union membership is actually up nationally, for the second year in a row.
I guess workers are finally learning that working hard, taking risks, sacrificing for the company is seldom rewarded by management. While Union membership doesn’t cure all problems, it sure beats not being in a union.
This weekend my wife and I saw a re-run of C.S.I., where a serial killer was explaining how he controls his victims. He explained that as long as he gave his victims a sliver of hope that if they cooperate they will survive, he could manage them effectively – right up to the point where he killed them.
It reminded me of how employer’s continue to promise employees that if they work hard, for less wages, and sacrifice and remain loyal to the company, that the company will rewared them – right up to the moment they are terminated, their jobs outsourced or lost in a corporate takeover or merger.
In some cases, employees are even convinced to spend months training their replacements – usually lower-paid employees, sometimes operating in overseas locations – based upon the assurances of their superiors that although just about everybody else in the department will lose their jobs, somehow the company will “find a place” for them. Right up until the training is finished, at which point the company will offer the employee a chance to “compete for a job” doing the same work in Pakistan at the local starting wage, relocation expenses not included (yep, I actually know somebody this happened to).
The corporate version of the “Audacity of Hope”?
# 3: Good idea, feel free to do so. You might even figure out a way to make money off it. But today’s Seattle times has a front-page article “Depression-era wisdom: How they survived”. (For some reason, I can’t get links to post in the comment section right now). Anyway, that shows you how far we might have to go.
6 Maybe that had something to do with Bank of America–three days after accepting $25 billion of the American peoples’ generosity–hosted a conference call of CEO’s and right-wing activists co-ordinating their efforts to oppose the Employee Free Choice Act.
It’s also worth noting the PI’s other big front-page story today concerns how the FBI was aware of “widespread fraud in the mortgage industry” for the last couple of years, but the Bush administration staunchly refused to do anything about it.
You KLOWNS hate Big Business AND Small Business….you think people MUST invest & create jobs or perhaps that only Big Government can effectively create jobs.
Atheist Progressive Socialist dogma is all you KLOWNS can dribble out of the corners of your pathetic mouths.
You are going to continue to see the consequences of your failed ideology.
KLOWNS!
Sorry to have to come down into the comment section and pull rank, but can you people, just this once, not turn this thread into a flame war?
@12:
Your fear of Bozo (r, perhaps, J.P. Patches?) is obvious.
But….being the clown….it just doesn’t work for you, sorry….
Uhhhh….Cyn? WHAT “ideology” wazzit that just fell through its ass in the last few months?
I’d be happy to agree with you, that business should be expected to generate jobs, build peoples’ assets, facilitate and accommodate growth and make America into that Great Shining City On A Hill that Saint Ronnie palavered about. Unfortunately, that’s not what’s been happening. Ergo, like when your car doesn’t run, it’s time to get out the wrenches and fix the damned thing….or bite the bullet and replace it.
Rick Pierson, aka RHP, every word that you type makes people lose intelligence by even reading it. It’s like that lame ass write in you did to the Seattle PI a few years back about why the trees on 405 were dying. I mean c’mon, seriously. Your lawyering skills suck, your political analysis sucks and your inane diatribe is the reason people jump off the aurora bridge.
Tame Geek @4 shows his/her lack of reading comprehension with this dumb spew:
Commercial Airplanes, which lost $968 million in the quarter, is just one of the three major units of Boeing. As can be seen in Boeing’s press release, Integrated Defense Systems showed a quarterly profit of $881 million, and Boeing Capital Corporation earned $26 million.
Summing those three major corporate divisions, we’d estimate a quarterly loss of $61 million. Other pieces of the corporation, dubbed Phantom Works (advanced R&D) and Shared Services Group (company-wide administration), apparently produced $5 million in earnings, resulting in the overall quarterly loss of $56 million.
So, yes, Boeing Commercial Airplanes — the bulk of it based here in Washington — lost almost a billion dollars last quarter, far more than the company as a whole. Goldy’s suggestion that this implies that future layoffs are likely to be concentrated here is quite logical.
Troll @13, whatever it is that you pull, it certainly isn’t “rank”.
Except, perhaps, in some of the word’s adjectival meanings:
@7 I like your analogy between serial killers and corporate managements. It’s apt.
Of course, if you don’t work, management can’t do anything to you. No one should work! Our society punishes people for working and rewards them for not working. So I don’t work. You shouldn’t work, either.
If no one worked, everyone would be rich, not just shiftless trust fund babies.
Poor people have it made. Seriously. They don’t pay for anything. Get their food from food banks. Free housing in shelters or tent city. Free medical at emergency rooms. Free money by panhandling. Free clothes from charities. Free food stamps. The list goes on and on. That’s why I don’t feel sorry for bums. They live the good life.
@20 Oh really? You try it for 6 months. Tell us how you like it. Blog back from the street corner on how it’s going, how easy it is.
You are so full of B.S. Why do I even bother to read anything you post.
If poor people have it made, how come nobody wants to be poor? We all want to be rich, or at least middle class.
@21
I just told you why they have it made. Name one thing I said in there, about what they get for free, that’s incorrect.
FartyArt@10: You have a short memory probably with other short appendages…
When Barack H. Obama asked for AFL-CIO support in the primaries Barack H. Obama promised to sign a bill that would effectively deprive workers of a private-ballot vote in unionization drives. But union leaders (who are Donkey lovers) would, of course, know how each worker voted and that would open them up to pressure and intimidation.
Before this “law”, once a majority of workers submit cards requesting union certification, an election is held where workers vote by secret ballot on whether to ratify unionization. This bill brought up by FartyArt, pushed by labor Donkey and supported by Obama, would effectively abandon that procedure in most cases, and call those who oppose the union scabs, subject them to intimidation and probably cause physical and mental harassment.
Yep, that’s the new land FartyArt believes in, intimidation and harassment.
So the strike cost Boeing $$968 million in the quarter. That’s a $1.9+ Billion drop from last year…
“The strike reduced full-year earnings by an estimated $1.8 billion.” – Boeing Co.
Hellova job Mark Blondin, pinhead of the IAM.
They were discussing Boeing layoffs last October on Yahoo.
Oh sure, uh huh. The Boeing worker’s strike caused the worst global economic downturn in seventy years.
Let’s see, is that what Hannity told you to think today? Did he ask you to put on a tutu and jump through a flaming hoolahoop, too?
Slingingshitagain@25: Did you read the PI link fool?
All that info was gleaned from that blog. I remembered Mark Blondin’s name cuz Puddy Remembers!
Too bad you need to be shown how to think Slingingshitagain from left wing kook-aid sites …