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.
Strike at Boeing: CEO threatens employees with unpaid furloughs
On the sixth day of the labor dispute paralyzing part of the American aircraft manufacturer's production, CEO Kelly Ortberg announced that tens of thousands of employees would soon be furloughed.
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 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 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.
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 machinists.
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 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
With Boeing's blue-collar workforce on strike, management has engaged an outside janitorial contractor that has flown more than 400 people from southern states to perform routine cleaning and maintenance at facilities across the Puget Sound area.
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 ...
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 ...
Boeing furloughs thousands as no progress made to resolve strike
Boeing CEO Kelly Ortberg said Wednesday the planemaker will temporarily furlough numerous U.S. executives and other employees ...
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How much trouble is Boeing in?
Pay is at the centre of the latest dispute. Boeing offered its employees a 25% rise over four years; its workers are ...