Boeing will lay off 10% of its employees as a strike by factory workers cripples airplane production. 17,000 people will be cut as the company continues to lose money.

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…

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.

The plane maker is facing an ongoing strike by 33,000 workers which has halted production of 737 MAX, 767 and 777 jets.

Boeing plans to lay off 17,000 employees, or 10% of its workforce, as it faces ongoing business challenges and recovery efforts.

Renowned planemaker Boeing has said that it would lay off 17,000 employees — 10% of its global workforce — and will lay the first deliveries of its 777X jet by a year as it...

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 cuts amount to about 17,000 positions, including executives, managers, and employees

Boeing plans to cut 17,000 jobs globally. Boeing's new CEO Kelly Ortberg, who has only been in the post since August, unveiled the changes on Friday. These announcements comes as 33,000 workers have been on strike in Seattle for a month. They are demanding an increase in salaries and pension. Click on the video report by Morgan Ayre and Etienne Paponaud for more. 

The plane manufacturer informed that it is cutting about 10 per cent of its worldwide workforce, which comes to roughly 17,000 jobs

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

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

Aviation giant Boeing is laying off nearly 10 per cent of its workforce, around 17,000 jobs, as it makes structural changes to stay competitive.

Boeing said Friday that it would cut 10% of its 170,000-strong workforce. CEO Kelly Ortberg said the company was in a "difficult position" amid a