The strike at Boeing by 33,000 members of the International Association of Machinists union, which reaches its seventh day today, has already cost the company and workers $572 million, according to an estimate from Anderson Economic Group.

Boeing’s CEO says the company will begin furloughing a large number of employees to save cash during a strike by union machinists.

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 may prevent its debt being downgraded to junk by issuing more stock, which would deal another blow to current shareholders.

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.

Boeing (BA) is making good on a threat to its workers made in light of its machinists’ strike. The company has begun furloughing workers as it faces a pause in production during the work stoppage.

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