As Boeing's machinists continue to strike, furloughs and pay reductions are in store for the rest of the company.

Boeing is furloughing tens of thousands of workers amid a major machinist strike. Last week, 96% of the 33,000 Boeing machinists voted to reject a new contract and instead strike. Though negotiations have continued,

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's CFO said the strike will affect a facility working on the KC-46 and increase the program's cost pressures.

Boeing will temporarily furlough tens of thousands of US-based employees due to a machinist strike halting production of key aircraft models. The company faces financial strain with $60 billion of debt and a 40% stock drop this year.

Boeing said furloughs began on Friday for thousands of employees in Washington State and Oregon, after more than 32,000 workers went on strike last week, halting production of the U.S. planemaker's best-selling 737 MAX and other jets.

Boeing CEO Kelly Ortberg told employees earlier this week that the company would initiate temporary furloughs for a large number of U.S.-based employees who are not part of the st