Boeing Considering Temporary Layoffs To Save Cash During Strike
2 days ago
Boeing plans to freeze hiring and reduce travel during a factory worker’s strike that started last week, and now, the company telling employees they are considering temporary layoffs to save cash during the strike.
The company said the moves are necessary because the business is in a difficult period.
10 immediate cutbacks were detailed in a memo to employees, including pausing pay increases for promotions, and stopping all travel that isn’t critical.
The memo said that the company is in a difficult spot and the strike jeopardizes their recovery in a significant way.
About 33,000 workers began striking early Friday. The walkout came after workers rejected an offer that included pay raises of 25% over four years.
The company said the moves are necessary because the business is in a difficult period.
10 immediate cutbacks were detailed in a memo to employees, including pausing pay increases for promotions, and stopping all travel that isn’t critical.
The memo said that the company is in a difficult spot and the strike jeopardizes their recovery in a significant way.
About 33,000 workers began striking early Friday. The walkout came after workers rejected an offer that included pay raises of 25% over four years.
