Should the walkout isn't going to end shortly, Boeing's credit history rating may very well be downgraded to non-expenditure or junk status, which might make borrowing costlier.
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Ortberg mentioned picked employees will be furloughed for one 7 days each 4 months even though retaining their benefits. The CEO as well as other senior executives will consider spend cuts in the length of the strike, he said, devoid of stating how deep the cuts will likely be.
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Shortly once the walkout started Friday, Moody's set Boeing on overview for any probable downgrade, and Fitch claimed a strike more time than two months would make a downgrade additional probably.