HBC posted several graphs yesterday concerning "HBC versus Cessna". Of course, the whole post was a complete insult to every hourly worker at Hawker Beechcraft. Look at this graph, and think about it, and the mindset they had to have to not only come up with it, then to publicly post it.
They say: Cessna's profit per employee is four (4) times that of HBC
What they are saying is that they hold us in contempt, that Cessna workers are far better, and therefore we don't DESERVE to be paid as much, to have good health insurance, and we don't rate as much pension, because Cessna employees are far more valuable and profitable to Cessna than we are to Hawker Beechcraft.
First, this is a bogus number. They don't even say what time frame they used to come up with this number, or what else they used to come to it. It's simply crap. But let's roll with their graph for a minute.
Why are Cessna employees so profitable? Let's think about it. Many aircraft workers have worked at the different companies here, Bombardier, Cessna, Spirit and Boeing, as well as the subcontractors. We all know that the workers at HBC are every bit as skilled and productive as they are at every other manufacturer.
So, worker productivity isn't the issue. The workers aren't less "profitable", so you need to look at the REAL reason. Let's look at a couple more graphs they posted:
Business has never been better for Hawker Beechcraft. Cessna Revenues are only 1.6 times HBC's, but their Operating Profit is 6 times HBC's. HBC has growing revenues and a record backlog. If they can't make a reasonable profit in this situation, there are obviously serious management problems.
How can this be the fault of the workers? We do everything asked of us, and do high-quality work.
While Cessna has no debt, HBC has $2.1 BILLION in debt.
Is this debt the fault of the workers? Did WE take it on?
Of course not. If your boss buys a house, you shouldn't have to take a pay cut to pay for it, should you?
That's what they are saying. They took on the debt, to buy the company, but WE should pay for their debt. Here's another slide:
It's clear from this slide that Cessna is a well-honed, well-managed, profitable company. This graph on the HBC side shows management problems, careening from profitable one quarter to in the hole the next. It's clear to long-time employees that HBC is too top-heavy with managers, and they keep hiring high-paid Vice Presidents left and right.
Notice they didn't make a graph about profit per Vice President!
Once again, NONE of this is caused by the employees. We build excellent products, and we do high-quality work and we are proud of the job we do. Raytheon mismanaged this company for many years, and there was a lot of damage done. It would take ALL of us to fix the damage done.
Too bad HBC holds we, the employees, in contempt.
This points to plans by HBC to throw an insulting proposal on the table Tuesday night, and they'll do a 'sell job' in the shop to try to tell us that we should be happy that they so generously gave us what they did, because we sure aren't worth it!
Remember, since early this year, they have told us the great job we've been doing, how we are the best in the business. They told us that right up until the time that we wanted to be paid as well as HBC'S competitors pay their employees.
Then they told us how they REALLY feel.