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International Business Times
International Business Times
Business
John BIERS

Boeing To Cut 10% Of Workforce As It Sees Big Q3 Loss

Boeing Kelly Ortberg IAM Seattle
Employees work on Boeing 737 MAX airplanes at the Boeing Renton Factory in Renton, Washington on March 27, 2019 (Credit: AFP)

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.

The aviation giant must "reset our workforce levels to align with our financial reality," Chief Executive Kelly Ortberg said, adding that the cuts of 17,000 positions globally "will include executives, managers and employees."

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