SEATTLE (AP) — Boeing says it’s considering temporary layoffs to save cash during the strike by machinists. The company told employees Monday that it will freeze hiring, reduce travel and reduce spending on suppliers. Chief Financial Officer Brian West says the company is also considering “the difficult step of temporary furloughs for many employees, managers and executives in the coming weeks.” About 33,000 workers represented by the International Association of Machinists and Aerospace Workers began a strike early Friday. The walkout came after workers rejected an offer with pay raises of 25% over four years. Representatives of the company and the union are scheduled to meet Tuesday with federal mediators.
(Copyright 2024 The Associated Press. All rights reserved.)
