Companies struggling to retain staff face tough choice: Slash 401(k) plans, cut salaries or furlough workers? [MSNBC.com]
Boeing Company (The) (BA)
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Source: MSNBC.com
With no revenue coming in and government relief frequently tied up in red tape, businesses across America are weighing bleak options to stay afloat, and shedding costs wherever possible — from slashing pay to cutting staff or paring down benefits.The onslaught of layoffs and cuts to retirement matching resemble some of the measures companies took after the financial markets crashed in 2008. But the monetary and fiscal policies that put the economy on track for recovery after the financial crisis can only be so effective in the face of a contagious virus with no known vaccine. The sudden halt in business as a result of the coronavirus pandemic has few historical precedents, which means companies are scrambling to find new strategies to stem the bleeding.“What the government is doing with the stimulus is meant to alleviate this pain and stay above water without firing people,” Itay Goldstein, a professor at the Wharton School, said. “Even with that, [companies] have to take these measur
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BA
Earnings
- 10/29/25 - Miss
BA
Sec Filings
- 1/6/26 - Form 4
- 1/6/26 - Form 4
- 1/6/26 - Form 4
- BA's page on the SEC website