financetom
Business
financetom
/
Business
/
Boeing to Reportedly Furlough Workers Amid Strike
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Boeing to Reportedly Furlough Workers Amid Strike
Sep 22, 2024 12:04 AM

12:57 PM EDT, 09/18/2024 (MT Newswires) -- Boeing ( BA ) plans to temporarily furlough workers in the coming days, including US-based executives and managers, according to media reports Wednesday.

Boeing ( BA ) Chief Executive Kelly Ortberg told employees in a memo that some workers will take one week of furlough every four weeks on a rolling basis as the aircraft maker navigates an ongoing strike.

More than 30,000 machinists went on strike on Friday in Seattle and Portland after rejecting a tentative labor deal.

Ortberg and the Boeing ( BA ) leadership team will also take a pay cut for the duration of the strike, according to the memo.

Boeing ( BA ) did not immediately respond to a request for comment from MT Newswires.

Price: 156.65, Change: +0.26, Percent Change: +0.17

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US Republican lawmakers concerned over Microsoft-G42 AI deal, letter says
US Republican lawmakers concerned over Microsoft-G42 AI deal, letter says
Jul 11, 2024
WASHINGTON, July 11 (Reuters) - Republican lawmakers are seeking an intelligence briefing from the Biden administration on Microsoft's ( MSFT ) $1.5 billion investment in UAE-based artificial intelligence firm G42, citing concerns over the transfer of sensitive technology and G42's ties to China. In a letter to White House National Security Advisor Jake Sullivan, Congressman Michael McCaul, who chairs the...
Update: Vista Outdoor's Board Urges Shareholders to Vote for Czechoslovak Group Transaction
Update: Vista Outdoor's Board Urges Shareholders to Vote for Czechoslovak Group Transaction
Jul 11, 2024
11:11 AM EDT, 07/11/2024 (MT Newswires) -- (Updates with ISS report in the sixth, seventh and eighth paragraphs.) Vista Outdoor ( VSTO ) said Thursday its board continues to unanimously recommend that shareholders vote in favor of the $2.1 billion sale of its Kinetic Group division to Czechoslovak Group at the July 23 special meeting of stockholders. Private equity firm...
Why Sezzle (SEZL) Shares Are Trading Lower
Why Sezzle (SEZL) Shares Are Trading Lower
Jul 11, 2024
Sezzle Inc ( SEZL ) shares are trading lower by 1.3% to $80.90 during Thursday’s session after the company announced a proposed resale of up to 3,414,736 shares of common stock by selling stockholders. The resale by the selling stockholders is not being underwritten by any investment bank. The company says it will not receive any of the proceeds from...
What's Going On With Mullen Automotive Shares Today?
What's Going On With Mullen Automotive Shares Today?
Jul 11, 2024
On Thursday, Mullen Automotive, Inc. ( MULN ) announced a vehicle battery exchange program for current Class 1 EV cargo van customers.  In a press release, Mullen said POWER BOOST is a battery exchange initiative that allows customers to upgrade from lithium-ion to solid-state polymer battery packs, potentially extending vehicle range beyond 200 miles. In February 2024, Mullen commenced road...
Copyright 2023-2026 - www.financetom.com All Rights Reserved