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 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 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 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 furloughing thousands 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 will furlough workers soon to preserve cash during strike, CEO says
Boeing top executive said Sept. 18 that the company will begin furloughing "a large number" of workers to conserve cash during the strike by union machinists that began last week. CEO Kelly Ortberg said the employees who would be required to take time off without pay starting in the coming days include executives,
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 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
Hit by strike, Boeing flies in out-of-state janitors, applies furloughs broadly
A few of the incoming workers, who have relocated here for the duration of the strike, said they had arrived from Alabama, Mississippi and Texas.
Strike Shows Challenge To Boeing 'Reset' Of Labor Relations
In his first day at Boeing, Kelly Ortberg visited the factory floor to speak with workers on the 737 MAX program, part of the new CEO's effort to "reset" labor relations.
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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 ...