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January 31, 2009

The World Is Flat

Globalization, HELL YEAH!!!

India to be spared of Boeing job cuts

NAGPUR: Aircraft manufacturing major Boeing, which has announced plans to cut 10,000 jobs worldwide this year in view of the global economic crisis, would not lay-off employees in India, a top company official has said.

Though the global economic recession has already hit several sectors, Boeing announced the job cut while declaring its annual financial results a few days ago, Boeing Senior Vice-President Dinesh Keskar said here.

He ruled out any job cuts for now in India, a key market for the Chicago-based company that makes passenger, freight and military planes.

Keskar, however, said Boeing has orders for supplying 3,700 aircraft, worth USD 275 billion, to various airline companies across the world. It will take at least five years for the company to fulfil the business commitment.

And the corporate rat bastards tell American workers to bend over a little further . . .