141–150 of 578 posts
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>There are very few good stories with unions but most of them are tragic especially long-term. For investors, it's both the short and long term that's f*ked. This is the most blatant disregard for or lack of understanding of labor history I have seen in a while
Any Boeing engineers who may be looking for alternate paths, please know that I've known many great aerospace engineers who have made a pivot to medical devices very successfully and many of the best medical devices to come out in recent years are due to such. It seems very different but really it's very similar.
or they could come here to Toulouse to work for Airbus ^^
"American dynamism" is hot right now and there should be ample funding available. Lots of the old dinosaurs are being nipped at by nimble upstarts like Anduril.
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> Maybe the union demands are reasonable, or maybe they're not. Give me specifics please! Would that really help, though? Do you have the industry know-how, expertise, and internal knowledge to assess whether the offer is reasonable or not?
Does it matter? These puff pieces exist solely to influence public opinion. That's true whether I have internal knowledge or not! We live in an era where a lot of media types actively push pro-unionization ideas. It'd be helpful to present facts and details alongside union efforts! I personally assume that if details are withheld it's because they'd be damaging to their argument. YMMV.
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> We all know boeing won't be "wrecked"; they're too critical for state interests to be allowed to fail People keep repeating this without context. The auto companies are strategically significant. That didn't prevent them from going bankrupt [1][2]. Wiping shareholders doesn't mean blowing up the factories. I'm increasingly convinced Boeing needs to go bankrupt. It can then shed unprofitable units--through spin-offs…
>I'm increasingly convinced Boeing needs to go bankrupt. I agree and hope they do go bankrupt, but I hope so because the country needs a fucking wake up call: American Exceptionalism(tm) is simply no longer true. I sincerely think we need to see one (Boeing), maybe even a few (Intel? US Steel?) paragons of American Excellence(tm) go down in smoking ruins so we have to accept that we are not 1970s America taking manki…
I see no reason to believe this will happen rather than a continued slow decline and eventual collapse.
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> The auto companies are strategically significant. Not really, they're more politically significant than economically critical. I've certainly never owned an american car and never plan to. We'll be fine continuing to rely on foreign companies to produce our vehicles. Foreigners certainly don't want our cars (outside of maybe tesla in the nordics, i guess?). None of this is true for the plane market, or at least not…
The auto companies are strategically significant because war footing America will turn those F150 lines into tank lines in a matter of months instead of the years it would take to spin them up from scratch. IBM made machine guns on typewriter lines in WW2.
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or they could come here to Toulouse to work for Airbus ^^
Boeing engineers should leave and start their own company. "American dynamism" is hot right now and there should be ample funding available. Lots of the old dinosaurs are being nipped at by nimble upstarts like Anduril.
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> The auto companies are strategically significant. Not really, they're more politically significant than economically critical. I've certainly never owned an american car and never plan to. We'll be fine continuing to rely on foreign companies to produce our vehicles. Foreigners certainly don't want our cars (outside of maybe tesla in the nordics, i guess?). None of this is true for the plane market, or at least not…
Major industries are economically critical for trade balance. Even if foreigners don't buy US cars, domestic buying means there's less import. There's a limit to how long USA can print petrodollars to make up for the trade deficit. And the limit doesn't seem that far off.
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> The auto companies are strategically significant. Not really, they're more politically significant than economically critical. I've certainly never owned an american car and never plan to. We'll be fine continuing to rely on foreign companies to produce our vehicles. Foreigners certainly don't want our cars (outside of maybe tesla in the nordics, i guess?). None of this is true for the plane market, or at least not…
The auto bailouts saved hundreds of thousands of jobs and turned a profit for the US government.
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Depends on if you are a shareholder for the long terms (many years) or a short-term trader. I don't own stock in Boeing (or any of their main competitors), but when there is a strike like this in a company I hold stock in I generally get more bullish for the long term because it means that: 1. It signals employees still care about the company enough to not just quit and go elsewhere. And employees who care make a bet…
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And? It's not the union's job to be good for companies or shareholders, it's their job to be good for workers.
> Unions are rarely interested in the "health" of the company itself but rather in their control (which is at conflict with shareholder control) and their compensation (again, eating from shareholder compensation).
Yes, and? You say this like it's a bad thing.
> Unions also use aggressive measures (strikes, shutdowns, etc...) rather than negotiations.
When you/workers are only used for their labour, withholding labour may be the only bargaining chip you have. Why not use said chip?
Or perhaps companies can treat their workers well so that they don't feel compelled to form unions. There are a number of auto plants in southern Ontario, and most are union shops, except Toyota's: the CAW has been trying to organize for many years, but the workers always vote "no". Seems like Toyota treats them well that the workers don't need organization 'against' the company.
Perhaps other companies can learn a lesson from that.