11:31 AM EDT, 09/16/2024 (MT Newswires) -- Boeing ( BA ) is implementing a hiring freeze and planning to make sizable reductions in supplier expenditures, Bloomberg reported Monday, citing a memo to employees from Chief Financial Officer Brian West.

The airplane maker is also considering temporary furloughs after some workers went on strike, according to the report. On supplier spending, Boeing ( BA ) will stop issuing the majority of purchase orders on the 737, 767 and 777 programs.

The company is also halting any travel that isn't critical for customer, program, regulatory or supply chain operations and is suspending non-essential capital expenditures and facilities spending, according to the report.

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

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 155.05, Change: -1.72, Percent Change: -1.10