Air industry jobs lost

[DeMiKansIanNati]

The Airline industry is not going to turn out like the auto industry, They have plenty of corporate private jets

[upandrunning]

Ya, just like the auto excts. who just put theirs on auction. I think those private jets may drop as the market falls and the economy gets hit harder. It may be a year behind the rest of the fall but it will catch up. It always does.

[ambient]

Originally Posted by DeMiKansIanNati

The Airline industry is not going to turn out like the auto industry, They have plenty of corporate private jets

Yea but think about it: who in the world is going to spend cash on corporate jets in this economy?

I work for the aircraft industry in Wichita right now, won't say which one. All I can say is that I've just finished updating my resume. Layoffs have already taken place and you can bet your ass there will be more in early 2009. The aircraft industry is heavily cyclical and is not at all very resilient in a down economy. At my company, the last recession resulted in four rounds of layoffs and almost 2 months of furlough. During that time, I was in the pharmaceutical industry and we didn't even feel the bump.

So yeah. Wichita is better than the national average right now, but don't kid yourself: It's going to suck in 2009. My guess is the industry will rebound in about 12 to 18 months from now.

[athfo]

Originally Posted by ambient

Layoffs have already taken place and you can bet your ass there will be more in early 2009. The aircraft industry is heavily cyclical and is not at all very resilient in a down economy. At my company, the last recession resulted in four rounds of layoffs and almost 2 months of furlough. During that time, I was in the pharmaceutical industry and we didn't even feel the bump.

Good luck with your current job. I have family members in the aircraft industry, and I know of these rumors.

Also, the pharmaceutical industry, heck even retail pharmacy, will continue to be strong. If you're a pharmacist, especially, you'll be in really good shape.

[drjones96]

Originally Posted by ambient

Yea but think about it: who in the world is going to spend cash on corporate jets in this economy?

I work for the aircraft industry in Wichita right now, won't say which one. All I can say is that I've just finished updating my resume. Layoffs have already taken place and you can bet your ass there will be more in early 2009. The aircraft industry is heavily cyclical and is not at all very resilient in a down economy. At my company, the last recession resulted in four rounds of layoffs and almost 2 months of furlough. During that time, I was in the pharmaceutical industry and we didn't even feel the bump.

So yeah. Wichita is better than the national average right now, but don't kid yourself: It's going to suck in 2009. My guess is the industry will rebound in about 12 to 18 months from now.

I'm nervous but even though the economy is having trouble the orders are still coming in. And lots of special mission government planes are in the works as well. The layoffs confuse me when I hear how many planes are going out the door in 2009...unless my company was trying to shed some weight and is using the poor economy as an excuse to do so.

[upandrunning]

It takes time for some things to catch up to others. This is not a normal down economy. Things may get very bad before they turn up. My opinion is even if we face a huge mountain and things get Great Depression, the alternative of holding hands and walking into the sea and giving up is not an option. But to get over that mountain we may see times that most of us have only heard about from our grandparents. I think the aircraft industry is for the most part an industry that only thrives in a good to great economy. This economy is gong to be a survival or Darwin economy of the century. The people that will do the best are those that paid off their homes, saved their money, and lived well under their means. We have to make a new America. One where we do not encourage people to buy crap they don’t need with money they don’t have. This is a false economy. We need to create jobs of the future, that are in alt. energy’s, cars people want, can afford, and are electric, [not the POS volt] We need to get the hell out of Iraq, quit being the worlds police and take care of our own back yard. If we start to turn this last 8 years around, I think we can come back stronger then before. But it will take time to do this, and like getting the flue, once you have it you just don’t get over it all at once. You have to go through the pain to get better. In this case it may be the fire that refines us into what we need to be. Sometimes pain can create good. When I was young, my father was very a selfish person, He kicked me out of the house at 16. I was working but did not have any money at first. I stayed with a friend and ate the doughnuts that the other workers did not eat out of the box, for a week. It was all that was available to me. So much so I do not like glazed doughnuts today. It taught me a lesson, that if I do not save and prepare for my future no one is going to do it for me. It made me very independent. When others were running around year after year, buying boats, playing in second vacation homes, I bought my home ought right, started in a 10x mobile, sold and worked up to a 250k home, by building my own. Now I own my home, never paid a cent to the bank for interest, my car now is even 0% interest. I can still remember working with a guy in Michigan, one Don Howe, he had a legal pad with all his debts, and was getting a 280k home equity loan to consolidate. I can still remember thinking, He has to make 3k a month to pay the interest on that loan, that’s 3k a month I do not have to make to be equal to him. Now in this economy many like him, and I bet him are going down, loosing their homes and more. But did they not ask for it?

[KevK]

FYI Lockheed is hiring!
lockheedmartinjobs.com | search all jobs

[rassjnr]

Hey, could some one tell me what up now in wichita, I want to move there. I know the layoffs are there too just as every part of the country. I just want to know cost of living there and which jobs are to too much hit but the recession with an average hourly wage. Please I need a much more recent info preferably a current resident there to give a real update. you can email me with any info at: praabadaa@yahoo.com thanks Andy

[drjones96]

Newsflash. The economy still sucks and here in the wichita area it's going to get worse before it gets better. You see...there is a lag in the general aviation industry. We are always trailing by several months from the economy as a whole. It takes time for other businesses to go bankrupt....and when they do they cancel airplane orders and leave us holding the bag.

My company will have shed approximately 40% of the workforce in a matter of a year (From November '08 through December '09).

I'm still hanging on. I think I may pull through this one. I just have to walk the tight rope for another 6 months.

I'll tell you like I tell everyone else I know who's looking for a job: "Apply if you want to....the worst anyone can say is No".

[KevK]

Originally Posted by rassjnr

Hey, could some one tell me what up now in wichita, I want to move there. I know the layoffs are there too just as every part of the country. I just want to know cost of living there and which jobs are to too much hit but the recession with an average hourly wage. Please I need a much more recent info preferably a current resident there to give a real update. you can email me with any info at: praabadaa@yahoo.com thanks Andy

Probably would not be a good move right now. The city is very dependent on the airplane industry and that business is not healthy right now. If you are a service sector worker, things in Wichita might be slightly better. They still hire nurses and dental technicians there. And they have other businesses like Koch and Coleman that are probably less affected by the recession. But expect lots of competition for jobs there.