Boeing to cut 17,000 jobs and delay first 777X delivery as strike hits finances

Boeing employees build 777 aircrafts under production at the Everett Production Facility on June 26, 2024 in Everett, Washington.
| Photo Credit: AFP

Boeing will cut 17,000 jobs, or 10% of its global workforce, delay the first delivery of its 777X jet by a year and expects substantial new losses in its defence business as a month-long strike batters company finances, CEO Kelly Ortberg said on Friday (October 11, 2024).

Mr. Ortberg said in a message to employees that the company must reset its workforce levels “to align with our financial reality” after a strike by around 30,000 U.S. West Coast workers shuttered production of its 737 MAX, 767 and 777 jets.