Boeing Freezes Hiring, Warns of Possible Layoffs Amid Machinist Strike

A top Boeing executive has announced that the planemaker is freezing hiring, halting non-essential spending, and is considering layoffs as it faces a prolonged strike by thousands of machinists. The measures are intended to conserve cash and protect the company’s long-term operations during the strike, according to an internal memo from Brian West, Boeing executive vice president and chief financial officer. He said the company is going through a “difficult period.” “This strike jeopardizes our recovery in a significant way, and we must take necessary actions to preserve cash and safeguard our shared future,” West wrote. “Importantly, we will protect all funding for safety, quality, and direct customer support work.”...