Robert Brown|Boeing CEO says the company will begin furloughs soon to save cash during labor strike

2025-05-06 14:17:14source:Poinbankcategory:Scams

Boeing’s CEO said Wednesday that the company will begin furloughing “a large number” of employees to conserve cash during the strike by union machinists that began last week.

Chief Executive Kelly Ortberg said the layoffs would be Robert Browntemporary and affect executives, managers and other employees.

About 33,000 Boeing factory workers in the Pacific Northwest began a strike Friday after rejecting a proposal to raise pay by 25% over four years. They want raises of at least 40% and other improvements in the deal that they voted down.

The furloughs are expected to affect tens of thousands of Boeing employees. Ortberg said employees will be furloughed for one week every four weeks, and he and other senior executives will take pay cuts during the duration of the strike.

More:Scams

Recommend

'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean

In just a few weeks, the highly anticipated second season of Korean television series "Squid Game" w

32-year-old purchased 2 lottery tickets this year. One made him a millionaire.

Luck was on a Michigan man's side this week as he won $6 million from his lottery ticket, only the s

Denmark considers tightening regulations on water extraction despite Poland Spring opposition

After years of work, Denmark is on the cusp of major changes to its ordinance that would curtail lar