Federal mediators will help the aerospace manufacturer and leaders of the union representing more than 33,000 workers who went on strike last week reach a deal.

Boeing’s CEO says the company will begin furloughing a large number of employees to save cash during a strike by union machinists.

Around Boeing Co.’s vast aircraft manufacturing hub in Seattle, the great belt tightening has begun as the planemaker and its factory workers settle in for a labor dispute that will test the resolve of both sides.