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Boeing, Furloughs

Fox Business on MSN · 2h

Boeing begins layoffs amid labor union strike, controversy over CEO's home purchase: 'Very difficult time'

Boeing is beginning a series of furloughs in response to its largest labor union going on strike, according to a statement released to employees on Wednesday.The strike involves over 33,000 workers in the Seattle area and began on Friday after unions overwhelmingly refused tentative contract negotiations provided by the company.

Newsweek on MSN · 1h

Boeing CEO Announces Furloughs Amid Union Strike Over Pay Dispute

Boeing CEO Kelly Ortberg announced Wednesday that the company will begin furloughing employees in an effort to conserve cash amid a union strike over a pay dispute. In a message to staff, Ortberg said the company would begin furloughing "a large number" of employees,

Forbes on MSN · 5h

Boeing Will Furlough Non-Union Employees As Strike Continues

About 33,000 Boeing factory workers represented by Districts 751 and W24 of the International Association of Machinists and Aerospace Workers union (IAM) announced on September 12 its members had voted 94.6% to reject a contract offer from the company and 96% for a strike.

CNN on MSN · 2d

The strike could cost Boeing more than $1 billion. But that could be the least of its problems

For a company that has lost $33 billion since 2019, a strike that virtually halts production of its major product is the last thing it needs. But that’s the reality for embattled aircraft maker Boeing.

Reuters on MSN · 1d

Strike could cost Boeing $100 million-plus in daily revenue, analysts say

Boeing could lose over $100 million in daily revenue until it reaches a settlement with its union that represents more than 30,000 workers, analysts said on Monday. The Seattle-area Boeing workers who build the planemaker's most popular 737 MAX and other jets in factories on the U.

Investopedia on MSN · 2d

Boeing Slashing Costs Company-Wide After Union Approves Strike

Key Takeaways Boeing is taking substantial cost-cutting measures days after its largest union voted to strike.The measures at Boeing include a hiring freeze, a pause in purchase orders, and the delay of pay increases,

5h

Boeing to Begin Temporary Layoffs Because of Strike

The aerospace giant said it would temporarily lay off tens of thousands of employees to stem losses from a walkout by the ...

4hon MSN

Here’s one way Boeing plans to preserve cash amid strike

Boeing Co. will start furloughing U.S. employees as it seeks to preserve cash amid an ongoing strike. Chief Executive Kelly ...

The Boston Globe22h

Boeing CEO says the company will furlough employees soon to preserve cash during labor strike

Boeing’s CEO said Wednesday that the company will begin furloughing “a large number” of employees to conserve cash during ...

3d

Boeing Strike Could Drag on as Workers Push for Higher Wages, Union Leader Says

A strike at Boeing "could go on for a while" as workers are confident they can get bigger wage increases and an improved ...

5d

Boeing Factory Workers Vote To Go On Strike—Rejecting Company’s Pay Hike Offer

Districts 751 and W24 of the International Association of Machinists and Aerospace Workers union (IAM), representing around ...

WPHL Philadelphia on MSN1d

Boeing announces hiring freeze, possible layoffs in wake of worker's strike

News ...

19h

Boeing, Striking Union Set to Resume Contract Talks on Wednesday

Negotiators at Boeing and its largest union are due to resume talks over a labor contract on Wednesday, after the two sides ...

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