CEO Kelly Ortberg said the company needs to take “difficult steps” to preserve cash while the machinist strike continues.
SEATTLE — Boeing has announced that they will be placing some employees on “temporary furloughs” to preserve cash amid an ongoing machinist strike that has brought airplane production to a halt.
The company’s new CEO, Kelly Ortberg, who took the helm in August, released a statement Wednesday saying that a “large number of US-based executives, managers and employees” will be placed on temporary furloughs while IAM District 751 and Boeing continue to bargain on an agreement.
“Our business faces substantial challenges and it is
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