New York:
Boeing declared Friday that it structures to cut 10 percent of its toilforce as it projected a huge third-quarter loss in the wake of a machinist strike in the Seattle region.
The aviation huge must “reset our toilforce levels to align with our financial truth,” Chief Executive Kelly Ortberg shelp, compriseing that the cuts of 17,000 positions globassociate “will integrate executives, deal withrs and engageees.”
The company declared a series of belt-defendedening meaconfidents and production procrastinates in the wake of the proximately month-extfinished strike of 33,000 toilers that has compriseed to the company’s litany of problems.
Boeing staff with the International Association of Machinists and Aerospace Workers walked off the job on September 13 after overwhelmingly refuteing a lessen recommend.
Boeing shelp the strike gived to $3 billion in pre-tax accuses to its commercial aviation results in the third quarter, part of an awaitd loss of $9.97 per split.
“While our business is facing proximate-term disputes, we are making vital strategic decisions for our future and have a evident see on the toil we must do to restore our company,” Ortberg shelp in a press free.
“These resettled actions, aextfinished with key structural alters to our business, are vital to remain competitive over the extfinished term.”
As a result of the strike, Boeing shelp it is pushing back first deinhabitry of the 777X to 2026 from 2025.
The company structures to end production of the 767 Freighter in 2027 once it finishs production on current orders.
Ortberg also vowed to get “compriseitional oversight” of Boeing’s troubled defense and space businesses, which will experience “substantial recent losses” in the third quarter, he shelp in the message to engagees.
Shares of Boeing fell 1.7 percent in after-hours trading.
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