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 CEO says the company will furlough a ‘large number’ of employees to preserve cash during strike
Boeing’s CEO says the company will begin furloughing a large number of employees to save cash during a strike by union 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 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 set to start large-scale furloughs due to machinists strike
Boeing's CEO says it will start furloughing "a large number" of employees to conserve cash during the strike by union machinists that began last week​.
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 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.
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.
Boeing Furloughs Thousands as Strike Resolution Makes No Progress
Nonunion employees will experience one-week furloughs every four weeks as the troubled planemaker struggles to conserve cash.
Boeing lays off thousands of executives, managers, non-union contractors amid strike
Boeing said Wednesday it is temporarily laying off tens of thousands of managers, executives and non-union contractors as 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 ...
HeraldNet on MSN1d
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 ...
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 ...
The Boston Globe2d
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 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 ...