Boeing is banning first and business-class travel for executives as part of cost-cutting measures during an ongoing strike, fearing significant financial losses.
In a memo, CFO Brian West emphasized the importance of preserving cash during this "difficult period" as the company halts pay increases for managers and considers furloughs.
With more than 30,000 workers voting to strike, previous strikes have already cost Boeing billions, and a similar length strike could lead to losses of up to $3 billion.
Boeing is removing all non-customer-related catering services, indicating the extreme measures being taken to navigate through the financial turmoil caused by the strike.
[
Collection
]
[
|
...
]