Boeing freezes hiring, delays pay raises as strike worsens finances

NEW YORK, Sept. 16 (Xinhua) -- Boeing said on Monday that it would freeze hiring and delay pay increases for its salaried workforce as the jet maker grapples with financial fallout from a strike launched on Friday by its largest union.

The company announced the cost-saving measures in a memo to staff and said it would also cut back orders from suppliers for its 737, 767 and 777 jets. The memo said that Boeing was also considering temporary furloughs for employees and executives.