Columbia Aircraf: 300 Worker Lay Off Due To Garmin G1000 Issues
Recently, Larry Dighera posted:
On Fri, 24 Aug 2007 19:20:20 GMT, Matt Whiting
wrote in :
[...]
Most places in the USA have fully burdened labor costs of at least
$50/hours. For five days this is $2,000. For 300 employees, this is
$600,000 which isn't chump change.
Agreed. That's about the price of twenty SR22s. Customers get a five
day delivery delay, and Columbia gets half a ~$million. Smooth.
Following that line of thinking, if they laid off 300 people for a week
once a month, Columbia would collect enough in a year to make those 20
SR22s at 100% pure profit. OTOH, I'd buy an SR22 for $30k any day...
Somehow, I doubt it would work out that way. ;-)
Neil
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