Boeing Faces Cash Crunch Amid Strike, Announces Hiring Freeze and Pay Delays

Boeing Co. shares took a hit on Monday after the company announced a hiring freeze and delayed pay increases for its salaried workforce. The move comes as the aerospace giant faces a growing financial strain due to a worker strike that began on Friday. Boeing’s CFO, Brian West, explained that the company is forced to take these measures to preserve cash and protect its future, citing the strike’s significant impact on its recovery.

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