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Boeing Freezes Hiring, Weighs Furloughs as Strike Enters Fourth Day
Can't hold on anymore? Under financial pressure, Boeing has decided to freeze recruitment and significantly cut supplier budgets.
Due to the production interruption caused by the employee strike, Boeing has taken a series of emergency measures, including freezing recruitment, considering temporarily laying off some employees, and reducing procurement orders from suppliers for the 737, 767, and 777 projects. These measures aim to reduce operational costs and expenses, and alleviate the company's financial pressure.
Boeing (BA.US) stock price faces further downward pressure. The longer the strike continues, the worse it gets.
Boeing's stock price fell by about 0.8% to $155.55 per share.
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