Boeing freezes hiring in sweeping cost cuts as it grapples with factory worker strike

In response to the ongoing factory worker strike, Boeing has implemented a company-wide hiring freeze as part of sweeping cost-cutting measures. The workforce protest has brought production to a standstill, resulting in significant impact on the company’s bottom line.

The hiring halt is touted as a containment strategy to help mitigate losses amid the ongoing labour disruptions. The action suggests that the impasse with unionized workers is pressing Boeing into making tough financial decisions in an attempt to stabilize its operations.

The strike, which