Boeing (NYSE:BA) sent out 1,025 60-day layoff notices, most of them to workers in its Engineering, Operations, and Technology unit. The action was part of Boeing already-disclosed 10,000 employee “termination” plans.
Boeing has suffered from management’s inability to stick to it schedule for the release of its Dreamliner to customers. The delays have already cost the head of the firm’s commercial airline division his job.Boeing’s CEO James McNerney made more than $18 million in 2008 according to the company’s proxy. A small cut in his payout would have saved a number of jobs.
Douglas A. McIntyre
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