Boeing Announces Sweeping Cuts Amid Factory Workers Strike, Halts Production

Boeing has announced a series of sweeping financial cuts as it grapples with a massive factory workers strike that has halted production. The aerospace giant confirmed today that it is implementing a hiring freeze, pausing non-essential travel, and reducing supplier spending in an effort to conserve cash as the strike stretches into its fifth day.

In a memo sent to employees, Boeing’s Chief Financial Officer Brian West outlined the company’s strategy to navigate the strike’s impact. West revealed that Boeing will halt most purchase orders for. . .