Boeing Will Furlough Non-Union Employees As Strike Continues
ForbesOCT 1 2024
Boeing to Furlough Thousands of Staff Amid Factory Strike
Above: Workers picket outside a Boeing facility during a strike in Everett, Washington, US, on Sept. 16, 2024. Image copyright: M. Scott Brauer/Contributor/Bloomberg/Getty Images via Getty Images
The Spin
Pro-establishment narrative
Even with these furloughs and cost-cutting measures, if these strikes are prolonged, they will severely strain Boeing's finances and could threaten its credit rating. The company needs to get a handle on these negotiations as soon as possible.
Establishment-critical narrative
So far, Boeing has come up way short in its offer to the union, particularly with respect to pay and pension. The company does not seem to be taking the mediation process seriously.