Boeing says it's considering temporary layoffs to save cash during the strike by machinists

SEATTLE (AP) — Boeing plans to freeze hiring and reduce travel and is considering temporary layoffs to save cash during a factory workers’ strike that began last week, the company told employees Monday.

The company said the moves, which include reduced spending on suppliers, were necessary because “our business is in a difficult period.”

Chief Financial Officer Brian West detailed 10 immediate cutbacks in a memo to employees. They include a freeze on hiring across all levels, pausing pay increases for managers and executives who get promoted, and stopping all travel that isn’t critical.

“We are also considering the difficult step of temporary furloughs for many employees, managers and executives in the coming weeks,” West said.