From CNBC: 2024-09-16 12:38:47

Boeing announces cost cuts, including a hiring freeze and reduction in supplier spending, due to a strike by over 30,000 factory workers. The strike halted most aircraft production and could lead to furloughs for employees. The company’s credit ratings are under review for possible downgrade, affecting borrowing costs. CEO Kelly Ortberg aims to reach a new agreement quickly.



Read more at CNBC: Boeing freezes hiring in sweeping cost cuts as it grapples with strike