Boeing will cut 17,000 jobs – 10% of its global workforce – delay first deliveries of its 777X plane by a year and post a $5 billion loss in the third quarter as the US planemaker continues to soar during a month-long strike.
CEO Kelly Ortberg said in a message to employees that the significant downsizing is necessary “to align with our financial realities” after an ongoing strike by 33,000 workers on the U.S. West Coast halted production of the 737 MAX, 767 and 777 jets stopped.
“We have realigned our workforce to align with our financial realities and provide a more focused set of priorities. Over the coming months, we plan to reduce the size of our overall workforce by approximately 10%. These reductions will affect executives, managers and employees,” Ortberg’s message said.
