Boeing said Wednesday it would start temporary furloughs of professional and white-collar staff as it seeks to conserve cash amid a labor strike that has shuttered Seattle manufacturing plants.
The furloughs, which pertain to executives, managers and employees, will be initiated in the coming days and affect tens of thousands of Boeing employees, company officials said.
Boeing plans for "selected employees to take one week of furlough every four weeks on a rolling basis for the duration of the strike," said a message to employees from CEO Kelly Ortberg.
The new Boeing boss added that he and the rest of the leadership team "will take a commensurate pay reduction for the duration of the strike."
Boeing had said that furloughs were on the table earlier in the week when it announced a hiring freeze, travel budget austerity measures and a reduction of supplier expenditures.
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