Boeing said furloughs began on Friday for thousands of employees in Washington State and Oregon, after more than 32,000 workers went on strike last week, halting production of the U.S. planemaker's best-selling 737 MAX and other jets.

Boeing’s CEO says the company will begin furloughing a large number of employees to save cash during a strike by union machinists.

As Boeing's machinists continue to strike, furloughs and pay reductions are in store for the rest of the company.

Boeing said Wednesday it is temporarily laying off tens of thousands of managers, executives and non-union contractors as the strike by 33,000 union members continues.

Boeing said furloughs began today for thousands of employees in Washington State and Oregon, after more than 32,000 workers went on strike last week, halting production of the U.S. planemaker’s best-selling 737 MAX and other jets.

Chief executive Kelly Ortberg said the people who would be required to take time off without pay starting in the coming days include executives, managers, and other employees based in the United States. “While this is a tough decision that impacts ...

Boeing may prevent its debt being downgraded to junk by issuing more stock, which would deal another blow to current shareholders.

Boeing said on Wednesday it will temporarily furlough tens of thousands of employees after about 30,000 machinists went on strike on Friday, halting production of its best-selling 737 MAX and other airplanes.

Boeing will furlough tens of thousands of its executives, managers and others as more than 30,000 machinists intend to go on strike Friday in Seattle and Oregon.