Boeing executive Jim Albaugh telling a reporter why they decided to move the 787 Dreamliner assembly line to South Carolina:
The overriding factor was not the business climate. And it was not the wages we are paying today. It was that we can't afford to have a work stoppage every three years.
Each element of his answer should be examined.
Why are there frequent work stoppages?
Why are wages an issue?
Why might there be a poor business climate?
I have visited Boeing facilities in Washington, Kansas, and its HQ in Chicago.
Wasteful bureaucracy at each one.
There are two ways for management to increase profits, increase revenue or decrease expenses thus improving margins.
Instead of cutting all the bloat resulting from poor management, Boeing continually feuds with its workforce.
So maybe the workers will not strike and create stoppages in South Carolina. Will this make the company any more productive. I doubt it.
The 787 program has been a disaster. Every investor and customer was excited about the 787's prospects and the ambitious time line. Delay, delay, delay, lack of this, failure of that; is there any excuse that we didn't hear?
Stop blaming others and take some responsibility Boeing management.
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Boeing has been around for nearly 100 years and has a market cap over $40 billion. Its main competitor is EADS.
Boeing is essentially a GSE- government sponsored entity. Nearly half of their revenue came from Boeing's Defense, Space & Security divisions. The majority of paperwork at the export-import bank has Boeing's title on it. Subsidies and sweetheart deals at the local level are undeniable.-------------------------------------------------------------------------------------------
Boeing has been around for nearly 100 years and has a market cap over $40 billion. Its main competitor is EADS.
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