Boeing announced it will furlough many employees due to a strike that halted production of critical aircraft like the 737 MAX, highlighting financial pressures.
CEO Kelly Ortberg stated that furloughs will affect a large number of US-based employees, with varying impacts based on team-specific decisions and a rolling furlough schedule.
The labor union vote on September 12 resulted in a nearly unanimous rejection of the proposed pay contract, leading to a strike by 30,000 workers.
Boeing's previous strike in 2008 caused significant revenue losses, emphasizing the high stakes involved as the company seeks to mitigate financial strain.
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