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Boeing cuts spending amid strike, considers furloughs

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New York, United States — US aviation giant Boeing on Monday announced it was making serious spending cuts, including considering furloughs and implementing a hiring freeze, as it responds to a factory worker strike in the northwestern United States.
“Our business is in a difficult period. This strike jeopardizes our recovery in a significant way and we must take necessary actions to preserve cash and safeguard our shared future,” said Chief Financial Officer Brian West in a message to employees.

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