They call it a “restructuring.” I call it “massive layoffs.”
Boeing announced a major restructuring of its defense division on Wednesday that will cut 30 percent of management jobs from 2010 levels, close facilities in California and consolidate several business units to cut costs.
Boeing would cut the number of executive jobs an additional 10 percent by the end of 2012, bringing overall cuts in its executive team to 30 percent for the past two years, a move that would result in a 10 percent cut in management costs.
Boeing said the changes were not a response to the threat of additional, across-the-board U.S. budget cuts due to take effect on Jan. 2, or the outcome of U.S. elections, but represented another step in its continuing drive to “be more competitive while investing in technologies and people.”
Then why wait to announce massive layoffs until after the election? Auspicious timing, Boeing!
Consol Energy told 145 workers in southern West Virginia on Tuesday that it will start laying them off in late December because of a dispute over permits for surface mining related to the King Coal Highway project.
The Pittsburgh-based coal producer said it plans to idle its Miller Creek operations in Mingo County, which include Wiley Surface Mine, Wiley Creek Surface Mine, Minway Surface Mine, Minway Preparation Plant, and Miller Creek Administration Group.
Consol has sought U.S. Environmental Protection Agency permits to redirect the Mingo County operations to mine land that would then become a 5-mile stretch of the King Coal Highway. The agency has raised several concerns about the Buffalo Mountain mining operation, including its planned burial of several area streams.
DeIuliis noted that while the EPA had relented in objecting to one of the two permits sought, “that permit alone is not sufficient to allow miners to begin work.”
That’s just the beginning, folks.
Get ready for four more years of hope and change.