Boeing's CEO says it will start furloughing "a large number" of employees to conserve cash during the strike by union machinists that began last week​.

Selected employees will take one week of furlough every four weeks on a rolling basis, Kelly Ortberg, the CEO of Boeing, wrote in an email.

Boeing's CEO says the company will begin furloughs to conserve cash during the strike by union machinists. The furloughs are expected to affect tens of thousands of workers, including corporate executives,