00:00It's Benzinga, and here's what's on the block.
00:02Boeing will temporarily furlough thousands of U.S. executives, managers, and staff due
00:06to the ongoing machinist strike CEO Kelly Ortberg announced Wednesday.
00:11The furloughs come after more than 30,000 machinists in Seattle and Oregon rejected
00:15a labor contract with 96 percent voting to strike.
00:18Boeing had offered a 25 percent raise, but workers felt it didn't match the rising cost
00:22of living or restore pensions.
00:24Non-union facilities will continue operations.
00:27For all things money, visit Benzinga.com.
00:30For more information, visit www.benzinga.com.
Comments