The aerospace giant more than doubles its planned layoffs in light of a $56 million net quarterly loss and signs of trouble ahead
With demand for commercial jets losing altitude, Boeing (BA) reported a $56 million net loss for the fourth quarter of 2008 and said it is taking some tough steps to keep itself aloft. Will the moves pay off? It’s not clear, and Boeing managers for now say they can’t see well enough beyond 2009 to make a firm call. The “visibility” just isn’t there from 2010 and beyond, says CEO W. James McNerney Jr.
Boeing on Jan. 28 reported surprisingly bleak results, even as its top executives forecast a modest rebound in sales this year. McNerney, citing “challenging economic times,” doubled the number of jobs he plans to cut this year. Whereas Boeing on Jan. 9 said it would lop some 4,500 jobs from its commercial plane unit, McNerney hiked the figure to 10,000 on Jan. 28 and said the cuts would be spread all across Boeing’s global operations, most of them in places other than the company’s Seattle-area commercial-plane facilities. Such steps, amounting to a 6% trim in Boeing’s workforce, are needed to preserve the company’s financial strength, McNerney maintained.
For now, Boeing is sticking with plans to put its new 787 Dreamliner commercial jet into the air by June. After nearly two years of delays, the 787 remains on target, the company said. So far, only one customer has backed off on orders for the new plane, and its orders were scheduled for delivery late in the next decade. Boeing has some 895 orders on the new jet from 58 customers.
Source: Business Week
AFP - Monday, February 2
LONDON (AFP) - - British drugs giant GlaxoSmithKline will announce it is cutting up to 10,000 jobs when it posts full-year results this week, reports said on Sunday.
Sky News reported the group had confirmed it would cut thousands of jobs when it publishes its results on Thursday.
The Sunday Telegraph reported that 6,000 jobs would go, while the Observer put the figure at 10,000, which would represent 10 percent of the group’s worldwide workforce.
The global pharmaceuticals giants are facing a growing commercial challenge from cheap, generic drugs as dozens of high-selling medicines lose patent protection.
GSK’s rival AstraZeneca said on Thursday it would axe more than 6,000 jobs by 2013, extending a cost-cutting programme that had already shed about 8,000 positions since 2007.
Source: Malaysia News
02 February 2009, 2:17 pm
Bagaimana langkah2 untuk menjadi perunding unit amannah di Public Mutual bhd.
Langkah 1 - menduduki peperiksaan asas unit trust (cute-certified unit trust examination) yang dikendalikan oleh FMUTM, jika PASS anda akan diberikan agen kod oleh Public Mutual Bhd
Langkah 2 - menghadiri training yang disediakan oleh Public Mutual Bhd
Langkah 3- memulakan jualan dan seterusnya membina customer base.
Langkah 4- anda akan diberikan panduan,teknik,skill dan latihan secara berterusan oleh saya untuk mengembangkan perniagaan anda.
02 February 2009, 2:18 pm
Sesiapa yg berminat dan mempunyai keinginan yg tinggi utk melakukan sesuatu demi merubah pendapatan anda, sila penuhkan bahagian “Hubungi Kami”.
**Hanya mereka yg BENAR-BENAR KOMITED untuk menjalankan perniagaan Unit Amanah sahaja dialu-alukan. Jika anda ragu-ragu dan sekadar ingin mencuba, disarankan supaya anda TIDAK MEMOHON untuk menjadi agen kerana tindakan ini akan menjimatkan wang, tenaga dan masa di pihak anda dan juga kami.