Current:Home > StocksBoeing CEO says the company will begin furloughs soon to save cash during labor strike -TrueNorth Finance Path
Boeing CEO says the company will begin furloughs soon to save cash during labor strike
View
Date:2025-04-13 02:53:15
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 temporary 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.
veryGood! (35912)
Related
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Key witness in trial of FTX founder Sam Bankman-Fried seeks no prison time at upcoming sentencing
- Girl, 3, dies after being found in a hot car in Southern California, and her mother is arrested
- Two workers trapped in South Dakota silo are believed killed by toxic gas
- Woman dies after Singapore family of 3 gets into accident in Taiwan
- Dave Grohl announces he fathered a child outside of 21-year marriage, seeks 'forgiveness'
- 'Emilia Pérez': Selena Gomez was 'so nervous' about first Spanish-speaking role
- Massive $4.2B NV Energy transmission line gets federal approval
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- Candace Owens suspended from YouTube after Kanye West interview, host blames 'Zionists'
Ranking
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- Hoping to win $800M from the Mega Millions? Here's exactly how to purchase a ticket.
- MTV VMAs reveal most dramatic stage yet ahead of 40th anniversary award show
- Fantasy football Start ‘Em, Sit ‘Em: 16 players to start or sit in Week 2
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- Nordstrom Rack Flash Sale: Score a $325 Trench Coat for $79 & Save Up to 78% on Hunter Outerwear & More
- Two workers trapped in South Dakota silo are believed killed by toxic gas
- Do drivers need to roll down their windows during a traffic stop?
Recommendation
All That You Wanted to Know About She’s All That
NFL investigating lawsuit filed against Browns quarterback Deshaun Watson, accused of sexual assault
Police in Tyreek Hill incident need to be fired – and the Dolphins owner must speak out
California's Line Fire grows to 26,000 acres, more evacuations underway: See wildfire map
Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
'The Daily Show’ live debate episode with Jon Stewart: Start time, where to watch and stream
2 transgender New Hampshire girls can play on girls sports teams during lawsuit, a judge rules
Fantasy football quarterback rankings for Week 2: Looking for redemption