Boeing CEO says the company will begin furloughs soon to save cash during labor strike

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 34 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 63%

Boeing News

Kelly Ortberg,Cash Flow

Boeing’s CEO said Wednesday that the company will begin furloughing “a large number” of employees to conserve cash during the strike by union machinists that...

Chief Executive Kelly Ortberg said the layoffs would be temporary and affect executives, managers and other employees.Friday after rejecting a proposal to raise pay by 25% over four years. They want raises of at least 40% and other improvements in the deal that they voted down.

Ortberg said in a memo to employees that the company is talking to the International Association of Machinists and Aerospace Workers about a new contract agreement that could be ratified. FREDERICTON — The six chiefs of the Wolastoqey Nation in New Brunswick distributed a survey on Indigenous issues to political parties ahead of the provincial election, which is scheduled to kick off Thursday. Here are some of the answers from the Progressive Conservative, Liberal and Green parties.But the tiny electronic devices remain a vital means of communication in some areas - such as healthcare and emergency services - thanks to their durability and long battery life.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in CA

Canada Canada Latest News, Canada Canada Headlines