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Boeing will furlough a “large number” of U.S. executives, managers and other staff, citing the ongoing machinist strike as the company races to preserve cash, CEO Kelly Ortberg told employees on Wednesday.

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Reuters

United Kingdom

Boeing to temporarily furlough large number of US executives

Boeing CEO Kelly Ortberg said Wednesday the planemaker will temporarily furlough numerous U.S. executives and other employees after about 30,000 machinists went on strike Friday, halting production of its 737 MAX and other airplanes.

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Boeing’s CEO said Wednesday that the company will begin furloughing “a large number” of employees to conserve cash during the strike by union machinists that began last week. Chief Executive Kelly Ortberg said the layoffs would be temporary and affect executives, managers and other employees. About 33,000 Boeing factory workers in the Pacific Northwest began a strike Friday after rejecting a proposal to raise pay by 25% over four years. They wan…

Associated Press News

Independent Media

United States

Boeing CEO says the company will begin furloughs soon to save cash during labor strike

Boeing factory workers continue to strike as they demand a larger raise and better pension contributions from the company.

USA Today

Gannett

'I live paycheck to paycheck': Boeing strike continues as company plans to reduce spending

Boeing is temporarily furloughing executives and other nonunion workers to save cash during the strike by 33,000 members of the International Association of Machinists, CEO Kelly Ortberg told employees in an email Wednesday.

Warner Bros. Discovery

Atlanta

Fulton County

Georgia

Boeing is reducing executive pay and furloughing nonunion workers during the strike

Boeing will temporarily furlough thousands of U.S. executives, managers and other staff, citing the ongoing machinist strike as the company races to preserve cash, CEO Kelly Ortberg told employees on Wednesday.

CNBC

Roberts family

Boeing starts furloughing tens of thousands of employees amid machinist 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​.

CBS News

National Amusements

Michael Redstone

Boeing set to start large-scale furloughs due to machinists strike

Boeing has said it will temporarily lay off tens of thousands of employees after about 30,000 machinists went on strike on Friday, halting production of its best-selling 737 MAX and other airplanes.

RTÉ

Government of Ireland

Ireland

Boeing lays off workers as no progress made on strike

Boeing’s CEO said Wednesday that the company will begin furloughing “a large number” of employees to conserve cash during the strike by union machinists that began last week. Chief Executive […]

Winnipeg Free Press

Winnipeg

Manitoba

Canada

Boeing Co. (NYSE:BA) has started temporary furloughs for thousands of employees as it grapples with the financial impact of a machinists union strike. What Happened: In a memo to employees, Boeing CEO Kelly Ortberg stated that the furloughs, affecting U.S.-based executives, managers, and employees, will occur one week out of every four until the strike concludes. Ortberg and his leadership team will also take pay cuts, The Washington Post report…

Benzinga

New York

Boeing Enforces Temporary Furloughs Amid Strike, CEO Kelly Ortberg Announces 'Difficult Steps' Like Pay Cuts As $1B Weekly Loss Looms - Boeing (NYSE:BA)

Boeing will require employees to take unpaid leave as part of cost-cutting measures in response to a strike that’s about to enter its second week.
In a memo sent out on Sept. 18, Boeing CEO Kelly Ortberg said the furlough would be temporary and affect “a large number” of executives, managers, and other employees in the United States. The Virginia-based aerospace giant had a workforce of 171,000 at the start of the year.
The affected employees wi…

The Epoch Times

Epoch Media Group

Boeing to Furlough Workers to Save Cash as Machinists Strike Lingers On

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Boeing starts furloughing ‘large number’ of employees as machinist strike continues

Boeing starts furloughing ‘large number’ of employees as machinist strike continues

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