The company is considering temporary furloughs for its staff. Boeing plans to freeze hiring and reduce travel and is considering temporary layoffs to save cash during a factory workers’ strike that began last week, the company told employees Monday.The company said the moves, which include reduced spending on suppliers, were necessary because “our business is in a difficult period.”Chief Financial Officer Brian West detailed 10 immediate cutbacks in a memo to employees.

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BING NEWS:
  • Boeing CEO’s Effort to Rebuild Planemaker Suffers Strike Setback
    Boeing Co. factory workers rejected a new labor contract that would have increased their wages by 35% over four years, exacerbating the aircraft manufacturer’s crisis as it struggles to overcome a ...
    10/23/2024 - 11:52 pm | View Link
  • Work for Boeing? We want to hear from you on Machinists strike, layoffs
    Boeing Machinists will vote Wednesday, Oct. 23, on a new contract offer that, if approved, would end a monthlong strike that’s halted production in Boeing factories. We would like to speak with ...
    10/21/2024 - 5:03 am | View Link
  • Boeing faces a new FAA review as a key supplier plans temporary furloughs due to labor strike
    warning that it would have to resort to layoffs if a strike by Boeing machinists lasts beyond November. Spirit AeroSystems said Friday that starting Oct. 28, employees who build parts of Boeing 767s ...
    10/17/2024 - 10:11 pm | View Link
  • Boeing to Cut 10% of Workers Amid Strike, Delay New 777X Production
    Boeing BA-0.08%decrease; red down pointing triangle will cut 10% of its global workforce, or roughly 17,000 jobs, and warned of deeper losses in its operations as a machinist strike compounds ...
    10/11/2024 - 11:20 am | View Link
  • Boeing will lay off 10% of its employees as strike by factory workers cripples airplane production
    30,000 Boeing workers are now on strike on Thursday ... but Ortberg said those will be suspended because of the impending layoffs.The company will delay the rollout of a new plane, the 777X ...
    10/11/2024 - 11:01 am | View Link
  • More

 

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