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 announces temporary furloughs to preserve cash during strike
CEO Kelly Ortberg said the company needs to take "difficult steps" to preserve cash while the machinist strike continues.
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 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 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 Furloughs White-Collar Workers as Strike Worsens Cash Crunch
CEO Kelly Ortberg says he will take a pay cut. Credit-ratings firms have warned of a downgrade.
Boeing to temporarily furlough employees as strike continues, says CEO
Two days after announcing a hiring freeze, Boeing plans to begin to furlough employees on a rolling basis as strike action continues.
Talks Between Boeing, Striking Union Stall Without a Deal
Contract talks between Boeing and its largest union stalled on Wednesday after both sides failed to reach an agreement on key issues in presence of federal mediators. "While we remain open to further discussions,
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 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,
Boeing Contract Talks Continue After Workers Left ‘Frustrated’
Contract talks between Boeing Co. and it’s largest union are set to continue on Wednesday after a first round overseen by a mediator left the labor side “frustrated.”
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 ...
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 ...
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 employees — including in San Antonio — to begin furloughs soon, CEO says
The company, which is a major employer in San Antonio, is taking measures to conserve cash during the strike by union ...
HeraldNet on MSN20h
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 ...