Boeing CEO says the company will begin furloughs soon to save cash during labor strike
By The Associated Press
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.
More Stories
Cook your favorite dishes with these top-rated skillets
Which skillet is best? If you spend any time in the kitchen, chances are you rely on a skillet for...
Top Puma shoes every man needs in his collection
Which Puma shoes are best for men? Puma is one of the top brands around whether you’re looking for high-performance...
EU nation slams Brussels for lack of support to quit Russian gas – media
Hungary has accused the bloc of not allocating enough funds to help diversify energy supplies The European Union is not...
Other voices: Could AI create deadly biological weapons? Let’s not find out
For as deadly as the coronavirus pandemic was, the next one could be more nightmarish. Powerful new artificial-intelligence models, combined...
Thursday Pickorama
The goal is to show improvement on a weekly basis. Using that as a barometer, we did make some progress...
Wednesday’s high school scores and highlights
MIAA Football Committee meeting, 10 (Ventura) ISL Football Feature on Belmont Hill’s Tommy Rupley/Sampson Onuoha (Ventura) photo School roundup: Kristina...