Boeing, strike
Boeing stock at 52-week lows as plane maker furloughs workers to preserve cash
After a tumultuous year, the last thing Boeing needed was a union strike. Shares of the aircraft manufacturing giant touched new 52-week lows on Friday as a labor dispute involving its largest unionized workforce — the International Association of Machinists and Aerospace Workers (IAM) — was set to enter into a second week.
Boeing starts furloughs for thousands as strike continues
Boeing said furloughs began on Friday for thousands of employees in Washington State and Oregon, after more than 32,000 workers went on strike last week, halting production of the U.S. planemaker's best-selling 737 MAX and other jets.
Boeing set to start large-scale furloughs due to machinists strike
Boeing's CEO says it will start furloughing "a large number" of employees to conserve cash during the strike by union machinists that began last week​.
Boeing furloughs thousands as strike drags on
Boeing said today it 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.
Boeing furloughs begin on Friday for thousands in Pacific Northwest
Boeing said furloughs began on Friday for thousands of employees in Washington State and Oregon, after more than 32,000 workers went on strike last week, halting production of the U.S. planemaker's best-selling 737 MAX and other jets.
Boeing blames strike for furloughs while numbers show past debt
As the Boeing machinists strike goes into its sixth day, the company is announcing temporary furloughs, blaming the strike.
Boeing to begin furloughs, leadership takes a pay cut, as machinist strike continues
As Boeing's machinists continue to strike, furloughs and pay reductions are in store for the rest of the company.
Boeing CEO says the company will furlough a ‘large number’ of employees to preserve cash during strike
Boeing’s CEO says the company will begin furloughing a large number of employees to save cash during a strike by union machinists.
Boeing workers’ week-old strike continues with no end in sight
Boeing has started rolling furloughs of nonunion employees as the labor strike by 33,000 union machinists continues.
Boeing defense chief exits as new CEO makes first big move
Boeing said today the head of its troubled space and defense unit is leaving the company immediately, in the first management change under new CEO Kelly Ortberg.
Boeing girds for long strike as gig economy gives workers clout
The planemaker finds itself in an increasingly untenable situation with its finances so dire that it can ill afford a drawn-out paralysis.
Boeing furloughs thousands as no progress made to resolve strike
Boeing CEO Kelly Ortberg said Wednesday the planemaker will temporarily furlough numerous U.S. executives and other employees ...
Boeing angers another union by asking to include SPEEA employees in furloughs
Boeing asked to include SPEEA employees in company-wide furloughs, despite a stipulation in the union contract that prevents ...
Hit by strike, Boeing flies in out-of-state janitors, applies furloughs broadly
A few of the incoming workers, who have relocated here for the duration of the strike, said they had arrived from Alabama, ...
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Boeing Furloughs Staff as Cash-Crippling Strike Continues
The furloughs will "impact a large number of U.S.-based executives, managers and employees," said Ortberg, who has been ...
Boeing Braces For Turbulence As Strikes, Furloughs Send Stock Sliding, Bearish Signals Prevail
Boeing's stock has been affected by a machinist strike, causing furloughs and tensions. Stock price is below EMAs and SMA, ...
Aerospace engineers union rejects Boeing furlough request during strike
The union that represents aerospace engineers at Boeing rejected a request from the company to furlough workers.