Boeing Layoffs: US-Based Aeroplane-Maker Temporarily Lays Off Employees To Save Costs Amid Strike Involving 30,000 Workers
Boeing has announced temporary layoffs amid cost-cutting measures as factory workers strike over labor disputes. The strike, involving 30,000 machinists, has halted production of the Boeing 737 series. Boeing is in talks with union leaders to resolve the issue while aiming to preserve cash and maintain its credit rating.