Recent IRS furlough notifications promise back pay assurance despite OMB advice
The Internal Revenue Service (IRS) released guidelines on Wednesday indicating that furloughed employees are entitled to compensation under the 2019 legislation, even in light of opposition from the White House. The IRS noted, “While you are furloughed and therefore unpaid or not working, the Civil Service Fair Treatment Act mandates that federal employees who have […]
Senate Democrats prevent efforts to stop government shutdown as agencies prepare to furlough 750,000 employees each day.
Senate Democrats Block Government Shutdown Measure On Wednesday, Senate Democrats decided to block a spending bill aimed at preventing government shutdowns, marking the second time this measure was rejected within a 24-hour timeframe. The Senate cast a vote of 55-45 against the motion to end debate on the ongoing resolution. This setback, involving Senators like […]
Boeing supplier Spirit Aero to furlough employees amid strike
Spirit Aero Systems announced Boeing plans to furlough 700 employees for 21 days on Friday as the company's employee strike continues. Hourly direct, support and administrative employees at the company in Wichita, Kansas, will face a suspension of paid employment on October 28th. “Given the pressures from our customers, we are implementing additional cost containment […]
Spirit Aero to furlough 700 workers for 21 days due to Boeing strike
Peter McNally, head of global analyst at Third Bridge, spoke on “The Big Money Show” about how the Boeing factory workers' strike is impacting business. Spirit AeroSystems on Friday announced it will furlough 700 employees for 21 days, as U.S. aircraft maker Boeing Co.'s more than month-long strike strains the company's cash and inventory space, […]
Boeing to furlough ‘large number’ of US executives as strike continues
Boeing Co said Wednesday it would temporarily furlough tens of thousands of employees after about 30,000 machinists went on strike on Friday, halting production of the 737 Max and other planes. “We will begin a temporary administrative leave over the next few days, which will impact a large number of U.S.-based executives, managers and employees,” […]
Spirit Airlines to furlough 260 pilots, delay plane deliveries
Low-cost carrier Spirit on Monday said it plans to postpone deliveries of new Airbus planes scheduled for the second quarter of 2025 to 2026 and furlough about 260 pilots as part of efforts to increase the airline’s liquidity. Announced. according to press release The new agreement with Airbus delays scheduled deliveries from 2030 to 2031 […]
Spirit Airlines to defer Airbus deliveries, furlough 260 pilots to save cash
Spirit Airlines on Monday reached an agreement with Airbus to postpone all aircraft deliveries scheduled from the second quarter of 2025 to 2026, with the U.S. airline cutting back about 260 pilots as it seeks to save money. announced that they are planning to furlough employees. The low-cost carrier announced it would postpone scheduled deliveries […]