Boeing also said it will pause nonessential staff travel and reduce supplier spending as it deals with a strike by more than 30,000 factory workers.

Brian West said the financial impact of the strike will depend on how long it lasts, but it will affect the company's production of its best-selling planes.

Planemaker prepares for a drawn-out and expensive strike by workers at its main hub

CEO Kelly Ortberg said affected employees would take one week of furlough every four weeks for the strike's duration and he and his team would take pay cuts.

The aerospace giant said it would temporarily lay off tens of thousands of employees to stem losses from a walkout by the machinists’ union.

Boeing is considering temporarily laying off workers after machinists began striking last week. These are the other 10 cutbacks the company is enforcing.

Sept. 18 (UPI) -- Boeing will furlough tens of thousands of its executives, managers and others as more than 30,000 machinists intend to go on strike Friday in Seattle and Oregon.

Boeing is slated to furlough thousands of employees after 30,000 workers began a strike last week.The strike halted production of key planes like the 737