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Boeing warns of job losses and makes spending cuts after strike

Source: BBC

Boeing is making immediate spending cuts and says it may temporarily lay off staff, as it grapples with a strike by more than 30,000 workers in the US.The cuts include a freeze on hiring, "significant reductions" of spending at suppliers, and a ban on non-essential and first-and business-class travel, including by senior executives.Boeing said the moves were aimed at preserving cash during the industrial action…

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Read the original source at BBC