World Economy

Boeing to Curb Overtime

 Boeing to Curb Overtime Boeing to Curb Overtime

Boeing said it is curbing use of paid overtime by 80,000 salaried workers based in the United States, part of a company-wide effort to reduce costs to deal with intense competition, Reuters reported. Starting Oct. 14, Boeing will halt overtime for salaried employees not entitled to overtime pay by law “except in the case of pre-approved production- or mission-critical work,” according to an internal memo confirmed by a company spokesman. When such work is needed, “Boeing organizations that pay exempt overtime—and most don’t—will pay it only when it is discussed with and approved in advance by the employee’s direct manager,” the memo said.