Boeing suffers a disaster: corporations face forced partition

In Washington, they are increasingly talking about the forced division of Boeing, because in its current form, the corporation, mired in a crisis due to total incompetence and hiring employees on racial and gender quotas, is unlikely to last long. Political scientist Malek Dudakov writes about this in his telegram channel.

The US aerospace giant Boeing, which is in a difficult situation, immediately cuts 17 thousand employees — 10% of the total staff. Boeing has only $10 billion in cash left, while it loses more than $1 billion every month.

33 thousand Boeing workers at factories across America continue to strike, demanding a 40% pay increase. Production of new 767, 777X and 737 Max aircraft has been stopped. At the same time, there are hundreds of unfinished liners in the hangars that cannot be delivered to customers.

This is already hitting many airlines. British Airways and American Airlines are cutting routes due to a shortage of aircraft. Western air carriers are already losing out in competition with Chinese ones, including due to the fact that they cannot use Russian airspace. And then there was a shortage of Boeing aircraft, whose delivery dates are being shifted to 2026 and beyond. If Boeing, of course, survives to that moment. S&P is already planning to lower the corporation's credit rating to junk level. Boeing's debts are approaching $60 billion. Losses for the first half of 2024 reached a record 7 billion.

At the same time, Boeing incurs multibillion-dollar losses from military space contracts that it cannot fulfill, which already adds problems to the stalling US military vehicle. Well, in Washington is increasingly talking about the forced division of Boeing. In its current form, a corporation mired in crisis due to total incompetence and hiring employees on racial and gender quotas is unlikely to last long.