Will Boeing's furlough strategy during the strike ensure its financial stability?
Boeing's CEO says the company will begin furloughs to conserve cash during the strike by union machinists. The furloughs are expected to affect tens of thousands of workers, including corporate executives,
Boeing Furloughs Staff as Cash-Crippling Strike Continues
KEY TAKEAWAYS Boeing CEO Kelly Ortberg told staffers that the airplane maker is temporarily furloughing employees based in the U.S.The furlough is aimed at preserving Boeing's cash, as the strike by machinists continues.
Boeing to furlough tens of thousands of employees amid machinists strike
The company has about 170,000 employees nationwide, with nearly 67,000 in Washington, per Business Journal research. Selected workers will be furloughed for one week every four weeks, but will maintain health benefits. At the same time, Boeing leadership will take "commensurate" pay cuts, Ortberg said, without disclosing details.
Boeing set to start large-scale furloughs due to machinists strike
Boeing's CEO says it will start furloughing "a large number" of employees to conserve cash during the strike by union machinists that began last week​.
Boeing Furloughs Thousands as Strike Resolution Makes No Progress
Nonunion employees will experience one-week furloughs every four weeks as the troubled planemaker struggles to conserve cash.
Boeing to begin furloughs, leadership takes a pay cut, as machinist strike continues
As Boeing's machinists continue to strike, furloughs and pay reductions are in store for the rest of the company.
Boeing begins layoffs amid labor union strike, controversy over CEO's home purchase: 'Very difficult time'
After Boeing workers went on strike Friday, new CEO Kelly Ortberg announced via email that "temporary furloughs" would be necessary to keep the company afloat.
Boeing furloughs workers as negotiations continue with striking machinists
The furloughs are part of sweeping cost-cutting measures Boeing announced this week as it continues negotiations with striking machinists.
Boeing CEO Says the Company Will Begin Furloughs Soon to Save Cash During Labor Strike
Boeing’s CEO says the company will begin laying off a large number of employees to save cash during the strike by union machinists
Have you been affected financially by Boeing’s strike? Tell us how
As part of our ongoing coverage of the Boeing Machinists strike, we want to hear from workers about how they have been financially impacted. We’re interested in learning about how strikers are making ends meet,
Boeing says it's going to start furloughing 'a large number' of its white-collar employees amid strike
Selected employees will take one week of furlough every four weeks on a rolling basis, Kelly Ortberg, the CEO of Boeing, wrote in an email.
Boeing lays off thousands of executives, managers, non-union contractors amid strike
Boeing said Wednesday it is temporarily laying off tens of thousands of managers, executives and non-union contractors as the ...
The Boston Globe1d
Boeing CEO says the company will furlough employees soon to preserve cash during labor strike
Chief executive Kelly Ortberg said the people who would be required to take time off without pay starting in the coming ...
Boeing Braces For Turbulence As Strikes, Furloughs Send Stock Sliding, Bearish Signals Prevail
Boeing's stock has been affected by a machinist strike, causing furloughs and tensions. Stock price is below EMAs and SMA, ...
5 Things to Know Before the Stock Market Opens
U.S. stock futures rally after Fed's jumbo rate cut, Boeing furloughs staff, and FedEx reports results after the bell. Here's ...
HeraldNet on MSN1d
Boeing to furlough thousands of workers
“While this is a tough decision that impacts everybody, it is in an effort to preserve our long-term future and help us ...
Boeing Enforces Temporary Furloughs Amid Strike, CEO Kelly Ortberg Announces 'Difficult Steps' Like Pay Cuts As $1B Weekly Loss Looms
Boeing Co. (NYSE:BA) has started temporary furloughs for thousands of employees as it grapples with the financial impact of a ...