Boeing Slashes Costs Company-Wide After Union Approves Strike
Boeing(BA) Investopedia·2024-09-17 06:30
Key TakeawaysBoeing is taking substantial cost-cutting measures days after its largest union voted to strike.The measures at Boeing include a hiring freeze, a pause in purchase orders, and the delay of pay increases, according to a memo sent to employees.The International Association of Machinists and Aerospace Workers rejected Boeing's tentative labor offer Thursday evening. Boeing (BA) is putting in place a hiring freeze and implementing other cost-cutting steps after its largest labor union approved a st ...