Boeing to Begin Temporary Layoffs Because of Strike

Published On Sep 18, 2024, 1:17 PM

Boeing plans to temporarily lay off tens of thousands of employees due to a strike by the machinists' union, which is causing significant disruptions in production. The strike, involving over 33,000 workers, could result in losses amounting to billions of dollars if it continues. Boeing's CEO emphasized the necessity of these measures to preserve cash and ensure recovery. While furloughs will be in place, benefits will still be provided to employees, and some workers will have a rolling schedule of time off. This situation follows a management reshuffle and comes after regulatory issues concerning the company's planes.