The management of Boeing has just announced the dismissal of 10% of its worldwide workforce, i.e. 17,000 employees.
They explain this decision by saying that it is the mechanics’ strike that is responsible for the delays in deliveries, which would damage the accounts.
Who can believe such an explanation?
What is depressing Boeing’s accounts are the choices made by past management, who deliberately sacrificed aircraft quality and reliability to turn Boeing into a cash machine for shareholders. This worked well… until the planes started falling apart.
No less than $68 billion has been spent on share buybacks and dividend payments between 2010 and 2019.
A $15 billion aid package was paid out in 2022.
In reality, these 17,000 redundancies have been in the pipeline for a long time, but management has chosen the right moment to announce them by trying to blame them on the 30,000 strikers who have just rejected its proposal for a 30% increase over 4 years.
Our colleagues are fed up with seeing their purchasing power fall while money flows freely to shareholders and executives; the previous CEO, Dave Calhoun, has just left with a whopping 45.3 million dollars.
We can only show solidarity with our American colleagues.
The Airbus Commercial Aircraft CGT union
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