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Boeing announced sweeping cost cuts including a hiring freeze and a pause on nonessential staff travel to preserve cash as it deals with a strike of more than 30,000 factory workers.
Boeing factory workers, mostly in the Seattle area, started walking off the job early Friday after overwhelmingly rejecting a tentative labor deal and to strike.
“We are working in good faith to reach a new contract agreement that reflects their feedback and enables operations to resume”, CFO Brian West said in a staff note on Monday.
