WASHINGTON, Sept 16 (Reuters) - Boeing ( BA ) is pausing
hiring and taking sweeping steps to conserve cash after about
33,000 workers went on strike on Friday including considering
temporary furloughs for many employees, managers and executives
in the coming weeks.
Boeing ( BA ) Chief Financial Officer Brian West said the "strike
jeopardizes our recovery in a significant way and we must take
necessary actions to preserve cash and safeguard our shared
future."
In addition to a hiring freeze across Boeing ( BA ) at all levels,
the planemaker is stopping most employee travel, suspending
non-essential capital expenditures and facilities spending and
planning "significant reductions in supplier expenditures and
will stop issuing the majority of supplier purchase orders on
the 737, 767 and 777 programs."