Boeing Chief Financial Officer Brian West said in a message to employees that the strikers were working in good faith to agree on a new contract.
"This strike significantly jeopardizes our recovery and we must take the necessary steps to protect cash and secure our common future," West said.
Referring to the steps planned to be taken to reduce costs, West said that Boeing is evaluating freezing recruitment at all levels and stopping all salary increases.
Temporary unpaid leave of many employees is also being considered
West noted that it is planned to stop all travel that is not for critical customer, program, regulatory or supply chain activities, to suspend non-essential capital and facility expenditures, and to reduce the company's participation in air shows, trade shows and special events.
West stated that they plan to make significant cuts in supplier spending, and that they will stop most of the purchase orders in the 737, 767 and 777 programs.
We are also considering a difficult step in the coming weeks, such as temporary unpaid leave for many employees, managers and senior executives.
More than 30,000 workers, represented by the International Association of Engineers and Aeronautical Workers (IAM), went on strike on September 13. The workers' strike decision came after Boeing declined a 25 percent wage increase over a four-year period.
