Boeing to temporarily furlough large number of US executives By Reuters

(Reuters) – Boeing (NYSE:) CEO Kelly Ortberg mentioned Wednesday the planemaker will briefly furlough quite a few U.S. executives and different staff after about 30,000 machinists went on strike Friday, halting manufacturing of its 737 MAX and different airplanes.

“We’re initiating short-term furloughs over the approaching days that may affect numerous US-based executives, managers and staff,” Ortberg mentioned. “We’re planning for chosen staff to take one week of furlough each 4 weeks on a rolling foundation during the strike.”

Ortberg additionally mentioned he and different Boeing leaders “will take a commensurate pay discount during the strike.”