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 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 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 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 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 employees — including in San Antonio — to begin furloughs soon, CEO says
The company, which employs 3,000 people in San Antonio, is taking measures to conserve cash during the strike by union 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
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 ...
Boeing CEO Kelly Ortberg buys a home in Seattle
The Boeing chief purchased a 3,780-square-foot house in the Broadmoor neighborhood, according to a real estate excise tax ...
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 ...
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 suspends jobs for thousands after strike
Boeing is suspending the jobs of tens of thousands of staff in the US in response to a strike that has shut down production ...