Boeing furloughs thousands as it hunkers down for extended strike

Quick Summary:

The mandatory unpaid leave of absence will affect US-based executives, managers and workers.

The union said on Sept 16 it was frustrated with the first day of mediation, which it said Boeing was not taking seriously.

One senior supplier dismissed the latest announcement as “panic mode” and said it underscored Boeing’s lack of room to maneuver due to its already-strained balance sheet.“They would be better to settle; they are getting very near the precipice,” said the supplier, who asked not to be named.

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Article Details

Category: EconomyBusiness

Markets: SingaporeUnited States

Topics: Employees Ortberg Furloughs Boeing’s Boeing First Sept Strike Company Union Billion

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-19 @ 10:48:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 644 words

Reading Time: 4 minutes read

Sentences: 29 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © The Straits Times

News ID: 22584246

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