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International Business Times
International Business Times
Business
Shreyashi Chakraborty

Boeing Mulls Temporary Furloughs As It Cut Costs Amid Strike, Credit Rating Woes

Workers build a Boeing 777X passenger plane for Qatar Airlines on June 26, 2024, in Everett, Washington. (Credit: JENNIFER BUCHANAN/POOL/AFP via Getty Images)

Boeing has unveiled a series of sweeping cost-cutting measures, including temporary layoffs, to mitigate the financial impact of the ongoing labor dispute, which has brought production to a grinding halt.

The move comes as thousands of union workers continue to picket around the clock since the strike began two weeks ago.

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