US aerospace company Boeing, which since Friday has been facing a major strike that has paralyzed production of its 737 MAX and 777 jets, said it was taking steps to preserve its liquidity. According to a message sent to employees by Brian West, the group’s chief financial officer, the company has decided to freeze all hiring, is preparing to drastically cut supply costs and is considering making staff redundant “within the next few weeks”. . Fourth day of strike More than 30,000 workers who build the company’s aircraft at its factories in the western US continue their strike for a fourth day today. “I know these actions will cause uncertainty and concern. This strike puts our recovery at risk and we must take the necessary steps to preserve liquidity and secure our shared future,” West added. Company and union negotiators will resume tomorrow, Tuesday […]
Source: News Beast
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