Source: BBC News [UK State Media]
“Boeing is suspending the jobs of tens of thousands of staff in the US in response to a strike that has shut down production of some of its airplanes. The aerospace giant said US-based executives, managers and staff would be asked to take one week of furlough every four weeks as long as the stand-off lasts. More than 30,000 factory workers in the northwest of the US went on strike on Friday over pay and retirement packages. Government officials are now helping to mediate talks between the two sides. The work stoppage threatens to cost Boeing billions of dollars, deepening the crisis at a company already facing significant challenges. Its impacts are already being felt across the industry and wider US economy as the firm asks suppliers to halt shipments of most parts and takes other steps to save money.” (09/18/24)