Reported 20 days ago
Boeing announced that it will temporarily furlough tens of thousands of employees as around 30,000 machinists have gone on strike, impacting production of key aircraft models like the 737 MAX. CEO Kelly Ortberg stated that these furloughs will last throughout the duration of the strike, with a rolling schedule affecting managers and executives. The prolonged strike poses significant financial risks to Boeing, which is already dealing with a $60 billion debt, and it may affect the company’s relationship with suppliers as production halts continue.
Source: YAHOO