Boeing crafts plan to furlough ‘many’ employees as workers strike for higher pay

US planemaker says strike of about 33,000 workers, which began last week, jeopardizes recovery in a significant way'

Boeing is freezing recruitment and drawing up plans to furlough many" employees as the aerospace giant scrambles to curb spending after tens of thousands of its workers went out on strike.

Warning that the industrial action jeopardizes our recovery in a significant way", the US planemaker said it would pause most employee travel and suspend non-essential capital expenditures.