28, May 2020
Coronavirus Crisis: Boeing cutting more than 12,000 US jobs, thousands more planned 0
Boeing Co (BA.N) says it is eliminating more than 12,000 US jobs as the largest American planemaker restructures in the face of the coronavirus pandemic.
Boeing also disclosed it plans “several thousand remaining layoffs” in coming months but did not say where those would take place.
Boeing is slashing costs as a sharp drop in airplane demand during the pandemic worsened a crisis for the company whose 737 MAX jet was grounded last year after a second fatal crash.
Boeing said it restarted 737 MAX production at a “low rate” at its Renton, Washington factory. Reuters reported in April that regulatory approval for the MAX was not expected until at least August.
Boeing shares closed up 3.3% at $149.52, then rose another 4.6% to $155.84 after hours on news of the MAX production restart.
The company announced in April it would cut 10% of its worldwide workforce of 160,000 by the end of 2020. Boeing said Wednesday 5,520 US employees will take voluntary layoffs, and also disclosed it was notifying 6,770 workers of involuntary layoffs.
Chief Executive Dave Calhoun told employees in an email the “pandemic’s devastating impact on the airline industry means a deep cut in the number of commercial jets and services our customers will need over the next few years, which in turn means fewer jobs on our lines and in our offices. … I wish there were some other way.”
CFRA analyst Colin Scarola upgraded Boeing to buy and raised his price target to $174 from $112 saying Boeing “can weather its current crises and grow over the long term.”
In April, Boeing recorded zero orders for the second time this year and customers canceled another 108 orders for the 737 MAX, compounding its worst start to a year since 1962.
Last month, Boeing raised $25 billion in a bond offering that allowed it to avoid taking government aid.
The job cuts include more than 9,800 employees in Washington State. Boeing said the “several thousand remaining layoffs will come in additional tranches over the next few months.”
Boeing said it expects to resume 737 MAX deliveries in the third quarter following regulatory approvals before gradually increasing to 31 per month during 2021.
The aerospace sector has been hard hit including many Boeing suppliers.
General Electric Co (GE.N) said this month it planned to cut its aviation unit’s global workforce this year by as much as 25%, or up to 13,000 jobs. SpiritAero Systems Holdings (SPR.N) announced it is cutting another 1,450 jobs in Kansas.
American Airlines to cut management, support staff by 30%
American Airlines Group Inc must reduce its management and support staff by about 30% and may have to cut frontline employees as it downsizes due to the coronavirus outbreak, showed a letter to employees made public on Wednesday.
All major US airlines have said they will need to shrink in the fall, once US government payroll aid that bans involuntary job cuts expires on Sept. 30.
Competitor United Airlines Holdings Inc has also said it will need to reduce its management and administrative staff by about 30%.
Despite the bailout and other liquidity raises, American must “plan for operating a smaller airline for the foreseeable future,” Executive Vice President of People and Global Engagement Elise Eberwein said in the letter.
American, with over 100,000 employees, will offer voluntary options before implementing involuntary reductions if there is not enough take-up, she said.
Once it has reduced its management ranks, the company will turn to frontline employees including flight attendants and pilots, who will receive fresh voluntary leave and early retirement options in June with the aim of avoiding involuntary furloughs.
“This is a goal, though, not a commitment, and a stretch goal at that,” Eberwein said, adding the company will be working with unions in coming weeks and months.
American has said it is accelerating fleet retirement and expects to fly roughly 100 fewer aircraft in the summer of 2021. Nearly 40,000 employees have already opted for temporary voluntary leave or early retirement.
Earlier, American Chief Executive Doug Parker said the airline hoped to avoid furloughs and rejected speculation that it or another major US carrier will have to file for Chapter 11 bankruptcy protection due to the coronavirus crisis.
(Source: Reuters)



















28, May 2020
MOLA NJOH LITUMBE: In him, Southern Cameroons arose to fall no more 0
A few remarkable events in my high school and university education introduced me to some Southern Cameroons Politicians and committed advocates for the reactivation of an independent sovereign Southern Cameroons. During my brief sojourn in the Bilingual Grammar School Molyko, I opposed and disrupted a brainwashing session convened by one Hongla Moma, the Secretary-General in the Governor’s Office to educate us about the green revolution. Sometime later, I wailked out on one Bidias a Ngon the Minister of education. Mola Njoh Litumbe was among the elders who were invited to both occasions.
In the University of Yaounde, the discriminatory humiliation and the cultural genocide we were subjected to, thrust me to the leadership of a protest movement that grounded the University to a halt. Our entreaties to politicians of Southern Cameroons nationality to support our cause were favourably received only by Dr EML Endeley. Mola Njoh Litumbe knew and took note of these developments in the life of a Southern Cameroons student victim of French Cameroun’s cultural genocide.
It was a pleasant surprise shortly after my call to the bar that Mola Njoh Litumbe approached me one day at the premises of the High Court in Buea and briefed me to represent him in a Chamber motion before the Hon Justice T.E Mbuagbaw, bypassing many senior lawyers whom he knew for many years. From thence a longstanding relationship developed around the Southern Cameroons problem. We spent many hours discussing and developing strategies on how to sensitise lawyers and students to join the struggle.
An opportunity came during the so-called pro-democracy political agitation that led to the creation of the Social Democratic Front. Bate Besong and me were disappointed with the ideological drift of the SDF that did not fully articulate the Southern Cameroons problem. Professor Obenson, was living across the road from Bate Besong and me. We spent many evenings ruminating about the devastation of our mineral resources, the excruciating suffocation of civil liberties and the evisceration of our cultural identity. Professor Obenson listened attentively. On one occasion, he told us that he was working with committed Southern Cameroons patriots to create a political party that was primarily intended to be used as a vehicle to fight for the Southern Cameroons cause. He invited us to one of such meetings.
In attendance were Mola Njoh Litumbe, Ray Koge, Sam Ekontang Elad, B.T.B Foretia, Charles Oben, Chief Alexander Taku and Chief Ngole. The discussions went on deep into the night about the objectives of the Liberal Democratic Party that fulling aligned with the reactivation of the Southern Cameroons identity. Unfortunately, Professor Obenson died in a yet to be explained motor accident on his way to Yaounde shortly after the party was legalised. Mola Njoh Litumbe thence piloted the party but the ideological orientation of the party remained intact until his transition.
Outside the structure of any political party, from the home of Mola Njoh Litumbe, sometime from my law firm or Professor Atang’s residence, we developed strategies on how to mobilise our people to reject the slave status that was imposed on us and rise to assert our liberation and freedom. Mola Njoh Litumbe was with us at the SCARM (formerly CAM) Batassof Hotel conference in Buea in which delegates from all the counties of the Southern Cameroons deliberated on mass mobilization, the signature referendum which overwhelmingly voted for independence and the Buea Peace Initiative to formalize the peaceful redeployment of La Republique du Cameroun and its criminal forces and administration from our territory. The idea to support the convening of the AAC1 which was first developed by George Ngwane, Bate Besong, Vincent Anu, Francis Wache and me was endorsed.
Mola Njoh Litumbe, from thence prominently helped to established a strong and enduring Southern Cameroons governing authority in our capital of the Southern Cameroons. His residence became the de facto Southern Cameroons Government House from which meetings were held and demonstrations throughout our national territory were organized and monitored. The international and national press were on hand to report on our cause and the tensions that were mounted by the enemy to attempt to contain the lava of freedom flowing from the top of Mount Fako. He became the respected voice of the Southern Cameroons at home and abroad.
In attempting to stop Mola Njoh in his crusading leadership to free his people, the lava of freedom burnt the enemy and catapulted our cause to the international arena. Mola Njoh Litumbe took our cause to all corners of the globe. He dared the coloniser and its criminal network in our territory on his own terms and left them defeated and humiliated. Enemy attempts to barricade his residence, arrest him or deny him his freedom of speech were defeated because the international media such as the VOA and the BBC were on hand to provide him their platforms to talk to his people while armed soldiers, gendarmes and police were out of his gate to stop him from coming out to speak to his people.
On the 14 May 2014, I submitted a ninety page petition that was authored by Mola Njoh Litumbe, Denis Atemnkeng, Hon Barrister Paul Ayah and me to the President of the United Nations General Assembly and to the Trusteeship Council. I remember coming all the way from Arusha Tanzania to come and work with Mola Njoh Litumbe on that petition. The time I spent with him in that endeavour was so enriching and rewarding in many ways. He was a very knowledgeable man of wisdom and a passionate god fearing advocate of the truth and justice.
He was a towering fountain of wisdom that inspired and directed our freedom quest. Mola Njoh Litumbe is dead, but he will remain green in our memories and that of posterity. In honour to this great leader and thousands of Southern Cameroons martyrs of the revolution, we must fight on until the lofty mission for which they lived and died is attained. Njoh Litumbe by his life and times taught us how to be great in humility. He did not seek power for the sake of power of for himself. He dedicated his life for the cause of the freedom of the Southern Cameroons and the people followed him because the truth and justice that he defended are power. He is dead but alive because freedom, justice and love for our people never dies. He is alive in our spirit and in our determination to secure a free and independent Southern Cameroons. In him Southern Cameroons arose to fall no more.
By Chief Charles A. Taku