In response to the ongoing factory workers' strike that began last week, Boeing has announced a series of measures "to preserve cash and safeguard future". Chief financial officer (CFO) Brian West outlined 10 immediate cost-cutting initiatives in a memo to employees, including a company-wide hiring freeze, a pause on pay increases for promoted managers and executives, and a halt to all non-essential travel. West said the moves were necessary because “our business is in a difficult period.” West also mentioned the possibility of temporary layoffs. "We are also considering the difficult step of temporary furloughs for many employees, managers and executives in the coming weeks," West said, adding, "this strike jeopardizes our recovery in a significant way." The company plans to reduce spending on suppliers and stop most supplier purchase orders related to the 737, 767, and 777 airplane models.