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

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.

“The response from people is it’s not good enough,” Jon Holden, president of the International Association of Machinists District 751, said in an interview with the Seattle Times. “Right now, I think it will be voted down, and our members will vote to strike.”

"I've never seen Boeing do that before. They might be feeling the pinch, feeling the hurt a little bit, you know--trying to save some money after spending so much money on four CE

Boeing's machinist strike jeopardizes the company's junk debt position. Unresolved labor issue; stock stable; mounting financial pressure.

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.

The strike at Boeing by 33,000 members of the International Association of Machinists union, which reaches its seventh day today, has already cost the company and workers $572 million, according to an estimate from Anderson Economic Group.

A labor strike at Boeing showed no signs of ending Sept. 20, as the walkout by 33,000 union machinists entered its eighth day and the company started rolling furloughs of