enthalpy

enthalpy

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The truth shall set you free, but first it's going to piss you off

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Wednesday, February 28, 2007

Posted 2/28/2007 05:35:00 PM by Douglas

Airbus confirms they're gonna suck it.

PARIS - Airbus said it will cut 10,000 jobs over four years as part of a restructuring plan aimed at helping the planemaker overcome costly delays to its A380 superjumbo and the effects of a weaker U.S. dollar.

The European aircraft maker said it planned to offer to investors its Meaulte plant in France, Nordenham in Germany and Filton in Britain. It said it had already received bids.

I mean come on, let's be reasonable here. They've tried everything they can do, like instituting an illegal 40 hour work week. What's really horrible is that it isn't a publicly traded company (it is, but wait). . . . . it IS the public. The poor folks that pay taxes into this European Socialist nightmare are going to bear the price of the leadership of airbus, as George Will so graciously put it, "for deciding to build the wrong aircraft, then building it badly."

As I've said before, "if it ain't Boeing, I ain't going."

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