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Boeing, Furloughs and strike
Boeing could lose billions if the strike doesn’t end soon
Investors are also upbeat after policymakers indicated more rate cuts are coming before the end of 2024. Fed Chairman Jerome Powell expressed his intention to prevent a severe decline in the labor market.
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 strike by 33,000 union members continues.
Boeing says it's going to start furloughing 'a large number' of its white-collar employees amid strike
Selected employees will take one week of furlough every four weeks on a rolling basis, Kelly Ortberg, the CEO of Boeing, wrote in an email.
The Star
4m
Boeing strike: 'My $28-an-hour pay isn't enough to get by'
Davon Smith, 37, earns under $28 (£21) an hour attaching the wings to Boeing 777X planes, which sell for over $400m (£300m) ...
1d
on MSN
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 ...
4h
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.
3d
on MSN
Boeing strike tests which side can best withstand financial losses
Away from the bargaining table, the company and its employees face a test of wills over the financial losses they're willing ...
1d
on MSN
Boeing preps to furlough executives, managers as machinist strike nears
Boeing will furlough tens of thousands of its executives, managers and others as more than 30,000 machinists intend to go on ...
3d
on MSN
Boeing freezes hiring and mulls temporary layoffs, citing machinists' strike
Boeing is freezing hiring across the company, citing a strike launched on Friday by 33,000 machinists at the airplane ...
2d
Boeing strike ‘hard to predict’ but ‘not a matter of days’: Rep. Adam Smith
Wash., says Boeing employees “have put up with a lot for a long time” while shareholders are “consistently rewarded.” ...
1d
on MSN
Boeing Factory Workers Vote To Go On Strike—Rejecting Company’s Pay Hike Offer
District 751 of the International Association of Machinists and Aerospace Workers union, representing around 33,000 Boeing ...
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furloughs
Kelly Ortberg
International Association of Machinists and Aerospace Workers
Seattle
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