By Free Republic | Created at 2024-10-30 11:20:51 | Updated at 2024-10-30 13:21:48
2 hours ago
Can anyone fix Boeing?
Financial Times ^ | 25 Oct, 2024 | Claire Bushey in Chicago and Philip Georgiadis in London
Posted on 10/30/2024 4:07:42 AM PDT by MtnClimber
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As Boeing’s latest chief executive, Kelly Ortberg’s job was never going to be easy. On Wednesday, it got harder still.
That morning, Ortberg had faced investors for the first time, telling them that ending a debilitating strike by Boeing’s largest union was the first step to stabilising the plane maker’s business.
But as the day wore on, it became clear that nearly two-thirds of the union members who voted on the company’s latest contract offer had rejected it. The six-week strike goes on, costing Boeing an estimated $50mn a day, pushing back the day it can resume production of most aircraft and further stressing its supply chain.
The company that virtually created modern commercial aviation has spent the better part of five years in chaos, stemming from fatal crashes, a worldwide grounding, a guilty plea to a criminal charge, a pandemic that halted global air travel, a piece breaking off a plane in mid-flight and now a strike. Boeing’s finances look increasingly fragile and its reputation has been battered.
Bank of America analyst Ron Epstein says Boeing is a titan in a crisis largely of its own making, comparing it to the Hydra of Greek mythology: “For every problem that’s come to a head, then [been] severed, more problems sprout up.”
(Excerpt) Read more at ft.com ...
TOPICS: Business/Economy; Society
KEYWORDS: wokeism
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1 posted on 10/30/2024 4:07:42 AM PDT by MtnClimber
To: MtnClimber
First fix the DEI or Boeing will DIE.
2 posted on 10/30/2024 4:07:54 AM PDT by MtnClimber (For photos of scenery and wildlife, click on my screen name for my FR home page. More photos added.)
To: MtnClimber
3 posted on 10/30/2024 4:13:24 AM PDT by RoosterRedux (Thinking is difficult. And painful. That’s why many people just adopt ideologies.)
To: MtnClimber
It would take a complete overhaul....ie firing a lot of the existing management and replacing them with good managers, getting rid of all the wokism and bringing back actual engineering and technical skills, etc. AND it would take doing it soon because they’ve got competitors who are eating their lunch. If the rot continues much longer it will do serious long term damage to the company financially, in market share, reputationally, etc etc.
I don’t think they’re capable of doing it.
4 posted on 10/30/2024 4:13:36 AM PDT by FLT-bird
To: FLT-bird
Exactly. What made Boeing work doesn’t exist anymore. It’s how we got through the Great Depression in the 30’s. Look at the photos from that time period- they were a hearty stock. So many people back then were self-reliant farmers. That doesn’t exist anymore.
5 posted on 10/30/2024 4:16:51 AM PDT by Strict9
To: MtnClimber; SaveFerris; gundog; PROCON
I’ll try. I’ll need the larger office and a private bathroom. I will also need an alphabetical accordion file. Yeah, that Boeing. I’ll get them straightened out.
6 posted on 10/30/2024 4:17:01 AM PDT by Larry Lucido (Donate! Don't just post clickbait!)
To: FLT-bird
7 posted on 10/30/2024 4:18:06 AM PDT by sauropod ("This is a time when people reveal themselves for who they are." James O'Keefe Ne supra crepidam)
To: MtnClimber
[pushing back the day it can resume production of most aircraft]
Hey, if it’s any of the 737 MAX series with the unbalanced Center of Gravity, that’s a GOOD thing
8 posted on 10/30/2024 4:20:14 AM PDT by SaveFerris (Luke 17:28 ... as it was in the Days of Lot; They did Eat, They Drank, They Bought, They Sold ......)
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