Boeing top executive said Sept. 18 that the company will begin furloughing "a large number" of workers to conserve cash during the strike by union machinists that began last week. CEO Kelly Ortberg said the employees who would be required to take time off without pay starting in the coming days include executives,

Boeing announced temporary furloughs for tens of thousands of employees after 30,000 machinists went on strike, halting production. The strike demands include a 40% raise over four years. The ongoing strike,

Boeing will furlough tens of thousands of its executives, managers and others as more than 30,000 machinists intend to go on strike Friday in Seattle and Oregon.

Despite ongoing negotiations between Boeing and the union, with a mediator involved, no resolution has been reached yet. Boeing had proposed a 25% raise in the rejected contract, which was initially endorsed by the union.

Boeing said on Wednesday it will temporarily furlough tens of thousands of employees after about 30,000 machinists went on strike on Friday, halting production of its 737 MAX and other airplanes. "We are initiating temporary furloughs over the coming days that will impact a large number of US-based executives,

More than 30,000 Boeing machinists walked off the job Sept. 13. At a local union office outside Seattle, they prepared for what may be a lengthy strike.

Boeing said furloughs began on Friday for thousands of employees in Washington State and Oregon, after more than 32,000 workers went on strike last week, halting production of the U.S. planemaker's best-selling 737 MAX and other jets.

Boeing said furloughs began today for thousands of employees in Washington State and Oregon, after more than 32,000 workers went on strike last week, halting production of the U.S. planemaker’s best-selling 737 MAX and other jets.

The planemaker finds itself in an increasingly untenable situation with its finances so dire that it can ill afford a drawn-out paralysis.