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Boeing Furloughs Staff as Cash-Crippling Strike Continues
BoeingBoeing(US:BA) Investopedia·2024-09-19 23:25

KEY TAKEAWAYSBoeing 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. Ortberg, along with other senior executives, will take a pay cut in a bid to manage the company's finances amid the disruption. Boeing (BA) Chief Executive Officer (CEO) Kelly Ortberg told staffers in a memo that the airplane maker is temporarily furloughing U.S.-based employees to preserve ...