Boeing is beginning a series of furloughs in response to its largest labor union going on strike, according to a statement released to employees on Wednesday.The strike involves over 33,000 workers in the Seattle area and began on Friday after unions overwhelmingly refused tentative contract negotiations provided by the company.CEO Kelly Ortberg, who took on the role of chief executive last month, emailed all employees on "temporary furloughs" this morning.CEO OF BOEING CLOSES ON $4.1M SEATTLE HOME AMID FAC ...

Key TakeawaysBoeing and its largest union partner are resuming contract negotiations under federal mediation Wednesday.The union is demanding a 40% wage increase over three to four years and rejected the company's offer of a 25% raise.The International Association of Machinists and Aerospace Workers began a strike of the company following a vote last Thursday. Boeing (BA) and its largest union partner are resuming contract negotiations with federal mediators present Wednesday, the International Association ...

ToplineBoeing will furlough its executives, managers and other white-collar employees one week of every four for the duration of a strike that union employees voted to authorize last week amid negotiations over pay and pension.Boeing's unionized factory workers voted overwhelming in favor of a strike after rejecting a ... [+] contract offer from the company.AFP via Getty Images Key FactsThe company on Wednesday said the furloughs “will impact a large number of US-based executives, managers and employees" bu ...

Boeing’s CEO said on Wednesday that the company would begin furloughing “a large number” of employees to conserve cash during the strike by union machinists that began last week.The 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 north-west began a strike on Friday after rejecting a proposal to raise pay by 25% over four years. They want raises of at least 40% and other improvements in ...

Boeing BA.N said on Wednesday the planemaker will temporarily furlough tens of thousands of employees after about 30,000 machinists went on strike on Friday, halting production of its 737 MAX and other airplanes.“We are initiating temporary furloughs over the coming days that will impact a large number of US-based executives, managers and employees,” CEO Kelly Ortberg said in an email to employees. “We are planning for selected employees to take one week of furlough every four weeks on a rolling basis for t ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Workers have been picketing 24 hours a day outside Boeing factories in the Seattle area since late last week. Boeing said Wednesday it would start temporary furloughs of professional and white-collar staff as it seeks to conserve cash amid a labor strike that has shuttered Seattle manufacturing plants. The furloughs, which per ...

Workers with picket signs outside the Boeing Co. manufacturing facility during a strike in Everett, Washington, US, on Friday, Sept. 13, 2024.Boeing will furlough a "large number" of U.S. executives, managers and other staff, citing the ongoing machinist strike as the company races to preserve cash, CEO Kelly Ortberg told employees on Wednesday.The plan came less than a week after Boeing's more than 30,000 machinists in the Seattle area and Oregon voted down a new labor contract and 96% voted to strike, wal ...

There are only so many businesses available in the stock market that can justify a monopolistic title or description. Even if investors come across the ones already out there today, they can never dream of buying them at a reasonable enough discount. These steep discounts only happen when the company has a negative streak of issues or media around it, such as Boeing Co. NYSE: BA today.Boeing TodayBABoeing$156.38 +0.83 (+0.53%) 52-Week Range$154.02▼$267.54Price Target$211.29Add to WatchlistAs the company has ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Boeing had been hopeful about averting a strike after reaching a preliminary deal that included a 25 percent general wage increase over four years. The union for striking Boeing workers said Tuesday the aviation giant was not "taking mediation seriously," after some 33,000 US employees walked out last week over a contract disput ...

文章核心观点 - 波音公司与代表其工人的国际机械工人联合会(IAM)在工人罢工后恢复谈判 [1][2] - 双方正试图重建双方关系,以期尽快达成协议 [1][2] - 波音公司宣布实施招聘冻结和供应商支出削减,并考虑实施员工休假 [2] - 双方谈判将由联邦调解与协调服务(FMCS)的三名官员协助 [5] 根据相关目录分别进行总结 工人罢工情况 - 约33,000名波音工人于上周五发起罢工,导致位于雷顿和埃弗里特的两家工厂停产 [1] - 工人们对之前与IAM领导层达成的初步协议不满,以96%的比例投票决定罢工 [3][4] - 工人们认为该协议中25%的工资涨幅不足以弥补年度奖金的取消,并希望恢复养老金 [3] - 工人们还希望波音承诺在普吉特海湾地区建造新飞机的期限能超过合同期 [3] 双方谈判情况 - 波音公司原本希望通过与IAM领导层达成的初步协议来避免罢工 [3] - 但工人们对该协议不满,导致最终罢工爆发 [3][4] - 双方恢复谈判后,联邦调解与协调服务(FMCS)的三名官员将协助谈判 [5] - 双方希望尽快达成协议,但也存在谈判陷入僵局的风险 [4]