Boeing to Furlough Workers to Save Cash as Machinists Strike Lingers On

Boeing will require employees to take unpaid leave as part of cost-cutting measures in response to a strike that’s about to enter its second week. In a memo sent out on Sept. 18, Boeing CEO Kelly Ortberg said the furlough would be temporary and affect “a large number” of executives, managers, and other employees in the United States. The Virginia-based aerospace giant had a workforce of 171,000 at the start of the year. The affected employees will keep their benefits, and to minimize the impact, they will be off work for one week every four weeks on a rolling basis for the duration of the strike. Ortberg added that senior executives, including himself, would also take pay cuts, though he did not specify how deep the cuts will be....