Boeing freezes hiring after strike spurs drastic measures to save cash
BABoeing(BA) New York Post·2024-09-17 00:30

Boeing said it is freezing hiring and weighing temporary furloughs in the coming weeks to manage costs as a strike by more than 30,000 Boeing workers who build planes in factories on the West Coast stretched into its fourth day on Monday.“I know that these actions will create some uncertainty and concern,” Boeing CFO Brian West wrote in a letter to employees shared on Monday. “This strike jeopardizes our recovery in a significant way and we must take necessary actions to preserve cash and safeguard our shar ...