Elon Musk Said SpaceX Competitors Only 'Take Up Less Than We Do, And They Take Nothing Down, And They Get Paid Twice As Much' — 10 Years Later, Its Rival In Space Boeing Has Frozen Hiring And Is Weighing Furloughs

Quick Summary:

"This strike jeopardizes our recovery in a significant way and we must take necessary actions to preserve cash and safeguard our shared future," Boeing CFO Brian West told employees in a letter on Monday, reported Reuters.

What Happened: Boeing has announced it will halt issuing purchase orders for its 737, 767, and 777 programs an ongoing strike, supported by 96% of its workers’ union.

This comes at a time when Boeing Co.(NYSE:BA) has frozen hiring and is weighing furloughs as a strike by more than 30,000 workers has entered its fourth day.

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Author / Journalist: Rounak Jain

Category: Technology

Markets: United States

Topics: Benzinga Stories That Matter NASA Tech News BA SPACE Elon Musk SpaceX Mobility US0970231058

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-17 @ 13:23:16 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 469 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 22567523

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