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Headline : Boeing to repay furloughed staff, proceed with job cuts

Read more from the original article on here at finance.yahoo.com.





Tags : #boeing #repay #furloughed #staff #proceed #job #cuts


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WASHINGTON (Reuters) -Boeing CEO Kelly Ortberg said on Thursday that employees furloughed during a seven-week strike by factory workers would be repaid by the company for lost wages, but it would proceed with plans to cut about 10% of its global workforce.

Boeing furloughed thousands of salaried employees on a rolling basis after the strike by 33,000 union machinists began in September and halted production of its best-selling 737 MAX. But the planemaker later canceled the unpaid leave after announcing plans to cut 17,000 jobs.

"Your sacrifice made a difference and helped the company bridge to this moment," Ortberg told staff in an email seen by Reuters. "We want to acknowledge your support by returning your lost pay if you went on unpaid furlough."

Read more from the original article on here at finance.yahoo.com.


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