Boeing announces massive job cuts and another delay to savior 777X jet
Boeing will cut about 17,000 jobs and delay the first deliveries of its 777X jet by a year, the US plane maker said, as it contends with a worker strike and fears over its safety record.
As well as cutting 10 percent of its global workforce, the manufacturer said it would also discontinue the 767 cargo plane.
CEO Kelly Ortberg told employees that the downsizing was needed 'to align with our financial reality' in the face of a damaging strike by 33,000 machinists.
Thousands of members of the International Association of Machinists and Aerospace Workers (IAM) have been on strike since September 13, seeking 40-percent wage increases and better pensions.
The union representing striking workers said in a statement that discontinuing the 767 was troubling and that it would assess its implications.