Boeing is freezing recruitment and considering furloughs, as 33,000 workers strike for higher pay, jeopardizing the company's recovery.
About 33,000 Boeing workers walked off the job early on Friday after voting overwhelmingly to strike for higher pay. The company's new CEO, Kelly Ortberg had pleaded with workers not to go on strike the first since 2008 before the vote.
Brian West, chief financial officer, said in a memo to staff that Boeing is now considering the difficult step of temporary furloughs for many employees, managers and executives over the coming weeks. Our business is in a difficult period, West said. This strike jeopardizes our recovery in a significant way.
The actions Boeing is taking, and considering, will create some uncertainty and concern, West acknowledged. Shares in the company fell 1.3% on Monday morning in New York.
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