A new chief executive is restructuring the aerospace manufacturer, which has been losing money for several years while struggling to improve production quality.

Boeing plans to lay off 10% of its employees as a strike by factory workers cripples airplane production.

The planemaker will also delay the delivery of its first 777X jet by a year. Boeing CEO Kelly Ortberg said that the comapny must shrink its workforce "to align with financial reality".

The company has about 170,000 employees worldwide, many of them working in manufacturing facilities in the states of Washington and South Carolina

Boeing to cut 17,000 jobs, delay 777X delivery, and expects losses due to strike, CEO Ortberg announces.

Boeing announced Friday that it plans to cut 10 percent of its workforce as it projected a large third-quarter loss in the wake of a machinist strike in the Seattle region.

Boeing will cut 17,000 jobs - 10 per cent of its global workforce - delay the first deliveries of its 777X jet by a year and record US$5 billion in losses in the third quarter, as the United States planemaker continues to spiral during

Boeing announced Friday that it plans to cut 10 percent of its workforce as it projected a large third-quarter loss in the wake of a machinist strike in the Seattle region. Boeing said the strike contributed to $3 billion in pre-tax charges to its commercial aviation results in the third quarter, part of an anticipated loss of $9.97 per share.

Boeing announced Friday that it plans to cut 10 percent of its workforce as it projected a large third-quarter loss in the wake of a machinist strike in the Seattle region. Boeing said the strike contributed to $3 billion in pre-tax charges to its commercial aviation results in the third quarter, part of an anticipated loss of $9.97 per share.

The company said all jobs are at risk as it cuts 10% of its workforce

Boeing plans to lay off about 10% of its workers in the coming months, about 17,000 people, as it continues to lose money and tries to deal with a strike that is crippling production of the company’s best-selling airline planes.

The aerospace company has faced production slumps and a declining stock this year as it now contends with striking workers and a massive workforce reduction.

Boeing plans to cut 10 percent of its workforce, or about 17,000 workers, CEO Kelly Ortberg announced Friday. The airplane maker also said that deliveries of its 777X planes will be delayed until 2026 and that it will be discontinuing production of its 767 Freighters in 2027. “Our business is in a difficult position, and it is hard to overstate the challenges we face together,” Ortberg said in a statement. “Beyond navigating our current environment, restoring our company requires tough decisions and we will have to make structural changes to ensure we can stay competitive and deliver for our customers over the long term,” he added. The major cuts to Boeing’s workforce come as the company appears to have hit an impasse in negotiations with its machinists, nearly four weeks into a costly strike. Some 33,000 workers walked off the job in mid-September. As of Sept. 27, the strike had cost the company, employees and suppliers a total of $1.4 billion, according to consulting firm Anderson Economic Group. Boeing and…

Boeing plans to lay off about 10% of its workers in the coming months as it continues to lose money and tries to deal with a strike that is crippling production of the company’s best-selling airline planes.