BOHICA: Coming to an Airbus Near You?
Business Week announced late today that the board of EADS has approved a restructuring plan, details to be released to the public on Wednesday after the worker bees are notified.
This looks to be the long awaited unveiling of Power8 version 2.0 or thereabouts.
Folks, I went down this road once myself. It was tough. I, along with about 35,000 other Dougloids, took it in the shorts because of mismanagement, sacrificial victims on the altar of globalization. My sympathies have always been with the rivet smashers and the tank rats and all the people who do the hard dirty work of actually building airplanes instead of riding in them.
The people who depend on those Airbus paychecks to put gas in the Peugeot and food on the table are going to take a shellacking, mark my words. It's always depressing when people on the lower rungs of the ladder have to pay the price for mismanagement, but there it is.
Remember Orwell's maxim: All animals are equal, but some are more equal than others.