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#1
posted to rec.boats
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Electric Boat laying off 434 employees, but....
http://abcnews.go.com/Business/wireStory?id=9700797
Seems odd that they will lay off a load of people when they've been awarded a $24M contract to update a submarine. http://www.businessweek.com/ap/finan.../D9DHLJTO2.htm Electric Boat is solely owned by defense contractor General Dynamics. Really odd to lay people off when there's work to be done. I know I'm missing something, but what? |
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#2
posted to rec.boats
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Electric Boat laying off 434 employees, but....
On 2/1/10 8:05 PM, Tim wrote:
http://abcnews.go.com/Business/wireStory?id=9700797 Seems odd that they will lay off a load of people when they've been awarded a $24M contract to update a submarine. http://www.businessweek.com/ap/finan.../D9DHLJTO2.htm Electric Boat is solely owned by defense contractor General Dynamics. Really odd to lay people off when there's work to be done. I know I'm missing something, but what? They found a Chinese contractor who pays his workers five cents an hour. Of course, the subs will implode because the Chinese workers can't really weld... |
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#3
posted to rec.boats
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Electric Boat laying off 434 employees, but....
On 01/02/2010 6:05 PM, Tim wrote:
http://abcnews.go.com/Business/wireStory?id=9700797 Seems odd that they will lay off a load of people when they've been awarded a $24M contract to update a submarine. http://www.businessweek.com/ap/finan.../D9DHLJTO2.htm Electric Boat is solely owned by defense contractor General Dynamics. Really odd to lay people off when there's work to be done. I know I'm missing something, but what? Probably excess capacity. |
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#4
posted to rec.boats
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Electric Boat laying off 434 employees, but....
On 01/02/2010 6:13 PM, Harry wrote:
On 2/1/10 8:05 PM, Tim wrote: http://abcnews.go.com/Business/wireStory?id=9700797 Seems odd that they will lay off a load of people when they've been awarded a $24M contract to update a submarine. http://www.businessweek.com/ap/finan.../D9DHLJTO2.htm Electric Boat is solely owned by defense contractor General Dynamics. Really odd to lay people off when there's work to be done. I know I'm missing something, but what? They found a Chinese contractor who pays his workers five cents an hour. Of course, the subs will implode because the Chinese workers can't really weld... Probably could. They even have a facility to maintain nuke subs. |
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