THOMARTINWILSON
01 Dec 2017
Dividend The dividend was due yesterday but still not got mine.Has anyone got theirs yet?Thanks.
veksi
20 Nov 2017
1 year lows This 534p Friday nicely bouncing off 1 year lows.This was resistance on the 3 year chart. I suspect resistance turned support at one year lows. Sp had just shed a tad over 20%.Good time to buy. Only imo.Do as you wish. I've bought in today.
Lupo di mare
13 Nov 2017
Ultra That knocked BA. this morning.
tomox
10 Oct 2017
Re: Parkinsons Law You presumably have taken into account the reduced order stream. Surely the cutting of jobs in the near future as current orders are fulfilled and new work dries up is an indicator that Parkinson's Law is NOT being allowed to operate.
tomox
10 Oct 2017
Re: Head count What can you see?May I suggest that unless your view about 'lots of fat to trim off here' is made as a knowledgeable insider, it carries little weight.Large does not necessarily mean inefficient any more than public sector = inefficient, private sector = efficient.
Heorot
10 Oct 2017
Parkinsons Law It looks like BAe has fallen foul of Parkinson's law: the adage that "work expands so as to fill the time available for its completion". It also applies to the growth of the bureaucratic apparatus in an organization.I saw this when I worked for a County Council. When central funding was dramatically reduced, the council shed 50 workers from the Social Services department with no noticeable reduction in the services provided.
Lupo di mare
10 Oct 2017
Re: Head count "LONDON (Alliance News) - BAE Systems PLC on Tuesday said it is to cut 1,925 jobs across the company as it outlined plans to restructure the business, mainly impacting workers in Lancashire, Yorkshire, Norfolk, Portsmouth.BAE - which also said it still expects annual underlying earnings to rise between 5% to 10% this year - was down 0.2% on Tuesday afternoon at 617.50 pence.Following reports from the BBC that up to 1,000 jobs could be cut by BAE on Tuesday, the defence blue-chip said it would be scrapping its Platform & Services divisions in the UK and from its International operations, which will involve cutting 1,925 jobs from three divisions.BAE employs a total of 34,600 people in Britain, and including its worldwide operations centred around Australia, India, Saudi Arabia and the US, its global workforce stands at around 83,100.Having taken over as Chief Executive in July, Charles Woodburn had said at the time of his appointment that he was keen to look at making efficiencies and streamline the business.The changes will take effect from the start of 2018, but the US-managed business is unaffected by the restructuring.To replace the two divisions that are to be scrapped, BAE is to streamline the business to see "strengthened" Air and Maritime sectors, it said.Up to 1,400 roles will be cut from its Military Air & Information business. This is to "ensure production continuity at competitive costs over the medium term" and is based on currently contracted and expected aircraft deliveries that forecast a reduction in current Typhoon and Hawk production rates.Those roles will be axed across five sites over the next three years, including Warton and Samlesbury in Lancashire. Jobs will also be lost at Brough in East Yorkshire and at RAF bases in Marham in Norfolk and Leeming in North Yorkshire.BAE is facing an order gap for the Typhoon so production is being slowed ahead of an expected order from Qatar. Production of the Hawk jet aircraft is ending in the next few years, affecting the Brough site, although Qatar could place a new order which would keep production going for a few more years.Around 400 redundancies are being planned at Brough.Most of the military air job cuts will go in 2018 and 2019, with some planned for 2020 and BAE said its goal is to achieve as many voluntary redundancies as possible.Qatar has signalled its intent to buy 24 Typhoon aircraft from BAE, and BAE said on Tuesday that negotiations are progressing to agree a contract with the government of Qatar, which, if secured, would sustain Typhoon production jobs, and manufacturing "well into the next decade.""However, the timing of future orders is always uncertain and, to ensure production continuity and competitive costs between the completion of current contracts and anticipated new orders, we now plan to reduce Typhoon final assembly and Hawk production rates," BAE explained.The letter of intent also included the intention to purchase six Hawk aircraft. The job cuts and restructuring efforts have been made even though BAE, despite needing to finalise the order, has included these six aircraft in its production planning.Including those six aircraft alone before securing a firm order means Hawks will be manufactured for 12 months longer than without the order being included, albeit at a reduced rate."We are actively pursuing additional orders which, if secured in the next year, would further extend Hawk manufacturing," BAE said.Meanwhile, following the UK government's confirmation that the RAF's Tornado fleet will be taken out of active service in 2019, Tornado support and sustainment activities at RAF Marham and RAF Leeming are progressively winding down and will cease at that time. However, the presence in Marham is sustained longer term by F-35 sustainment activities.Another 375 roles will be cut from the Maritime Services unit, mainly affecting Portsmouth where around 340 of those job
Eventrollsloverocknroll
10 Oct 2017
Re: Head count Yes this is correct. To be done over 3 years, mainly through TVS I understand. Lots of fat to trim off here. From what I can see it has oodles of staff who are office based and probably have never even seen an engineer.New CEO is an external man who looks like he's going to drag the company kicking and screaming into this century.
Lupo di mare
10 Oct 2017
Re: When is the Trading Update Guess you've got it now, appamama. Looks good to me. There must be sooo much fat to trim. One of my kids had a temp job with the MoD once, and couldn't believe the time-wasting that went on. I know BA. isn't the MoD, but....
OwDo
10 Oct 2017
Re: Head count BBC news states 2000 job to go around UK. www.bbc.co.uk/news/business-41566841Warton and Samlesbury, Lancashire - 750Brough, East Yorkshire - 400RAF Marham and RAF Leeming - 245Portsmouth and Solent region - 340London, Guildford and other Applied Intelligence locations - 150Other UK locations - 30TOTAL - 1,915
Eventrollsloverocknroll
10 Oct 2017
Head count I've heard it's 1,700 accross Warton & Samlesbury, with 300 at Portsmouth. Big staff meeting at 10 this morning. Any other pointers?
appamama
10 Oct 2017
Re: When is the Trading Update When is the Trading Update. Are they waiting for some signal from the traders for the right time during the market hours?
Lupo di mare
10 Oct 2017
Re: Head count I missed this from August."Woodburn, a former oil industry executive who spent 15 years at Schlumberger (SLB.N), said he had taken a “good hard look” at BAE in the 15 months he spent as chief operating officer before taking over from Ian King as CEO in July.The Cambridge University electrical engineering graduate said BAE expected to benefit from governments spending more on defence in some of its biggest markets, but it could still do more to improve efficiency.“We will do that by continuing to be focused on our costs as well as bringing together the power of the group more effectively, collaborating to the benefit of our customers,” he said.He pointed to work by business units in Australia and the United States on the Land 400 combat vehicle project in Australia as an example of successful collaboration.BAE’s largest markets are Britain and the United States, and it also has substantial operations in Saudi Arabia, India and Australia.It has long been expecting a major follow-on Typhoon order from Saudi Arabia but Woodburn declined to comment on the prospects on Wednesday.“I am certainly not going to speculate on Typhoon, other than to say we are confident we will get future Typhoon orders in the portfolio,” he told reporters."So maybe the triennual, or whenever, head count days are over.
Lupo di mare
09 Oct 2017
Re: Head count Trading update tomorrow, btw.
Lupo di mare
09 Oct 2017
Head count "LONDON (Reuters) - British defence company BAE Systems will announce more than 1,000 job cuts this week, mainly affecting its Warton plant in Lancashire, north England, where it assembles the Eurofighter Typhoon fighter jet, Sky News said on Monday.BAE Systems was not immediately available to comment."I doubt that the job losses are a result of a trading down-turn (could be wrong..), but more the result of the traditional head-count. But this is 2017 and they shouldn't still be engaging in that antiquated mode of running a companyIt was fairly recently that the heavy squad were called in to force BA. to pay a supplier money owed - not because BA. couldn't afford it, but because the left hand didn't know what the right hand was doing.Somebody needs to get a grip, and slim down this behemoth. Hopefully, that's what's happening.
