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it home reported on september 16 that according to cnbc, boeing announced comprehensive cost cuts, including freezing hiring and suspending non-essential employee travel to preserve cash in response to a strike by more than 30,000 factory workers.

"we are working in good faith to reach a new contract agreement that reflects their feedback and enables operations to resume," chief financial officer brian west said in a note to employees on monday. "however, our business is going through a difficult period. this strike puts our recovery in jeopardy to a significant degree, and we must take the necessary actions to preserve cash and safeguard our shared future."

as it home previously reported, on september 8, boeing and its largest union iam 751 announced that they had reached a preliminary agreement on a new four-year contract, which includes a 25% wage increase during the agreement and a commitment to build boeing's next aircraft in the seattle area.

but then boeing employees voted against the preliminary agreement between boeing and the union with a 94.6% vote rate, and 33,000 boeing employees in the seattle area and oregon went on strike at midnight local time on september 13. boeing and union negotiators will return to the bargaining table this week to negotiate under the supervision of a u.s. federal mediator.