Boeing will delay its 777X plane and cut 10% of workforce as it deals with a strike and 737 Max issues
- Boeing said Friday that it would cut 10% of its 170,000-strong workforce.
- CEO Kelly Ortberg said the company was in a "difficult position" amid a strike.
Boeing said Friday that it would cut its workforce by 10%, further delay its 777X plane, and discontinue a freighter model as it deals with the financial fallout of an ongoing strike.
In a note to employees, CEO Kelly Ortberg said Boeing was in a "difficult position" and that "restoring our company requires tough decisions." The planemaker is mired in regulatory headaches after a January incident in which a door plug blew out of a 737 Max, as well as an ongoing strike.
Ortberg, who took over as CEO in August, said the workforce reduction included executives and manager-level positions. As of the end of 2023, Boeing had about 170,000 employees.
Other cost-cutting measures include discontinuing the 767 cargo plane, Ortberg said.
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