Benzinga
  • 3 months ago
Boeing CEO Kelly Ortberg announced Wednesday that it will temporarily furlough thousands of U.S. executives, managers, and staff due to the ongoing machinist strike. The furloughs come after more than 30,000 machinists in Seattle and Oregon rejected a labor contract, with 96% voting to strike. Boeing had offered a 25% raise, but workers felt it didn’t match the rising cost of living or restore pensions. Nonunion facilities will continue operations.

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00:00It's Benzinga, and here's what's on the block.
00:02Boeing will temporarily furlough thousands of U.S. executives, managers, and staff due
00:06to the ongoing machinist strike CEO Kelly Ortberg announced Wednesday.
00:11The furloughs come after more than 30,000 machinists in Seattle and Oregon rejected
00:15a labor contract with 96 percent voting to strike.
00:18Boeing had offered a 25 percent raise, but workers felt it didn't match the rising cost
00:22of living or restore pensions.
00:24Non-union facilities will continue operations.
00:27For all things money, visit Benzinga.com.
00:30For more information, visit www.benzinga.com.

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