Boeing announced that it plans to cut 10 percent of its workforce as it projected a large third-quarter loss amid a machinist strike in the Seattle region. The aviation giant must "reset our workforce levels to align with our financial reality," Chief Executive Kelly Ortberg said on Friday, adding that the cuts of 17,000 positions globally "will include executives, managers and employees.

Boeing plans to cut 10% workforce as it projects large Q3 loss

Boeing Co unveiled a fourth straight quarterly loss and deeper job cuts on Wednesday as the coronavirus pandemic and the lengthy grounding of its 737 MAX continued to hammer revenue.

Boeing deepens job cuts as twin crises extend losses

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Boeing plans to cut 10% workforce as it projects large Q3 loss

Boeing deepens job cuts as twin crises extend losses