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Boeing to Slash 17,000 Jobs

Boeing has announced it will lay off 10 percent of its workforce in the coming months and end production of its 767 cargo airplane after it completes current orders for some two dozen jets.

Around 17,000 jobs will be cut as part of the reduction, with Boeing also announcing it will further delay the launch of 777X, a new model that is already several years behind schedule.

The announcement, made by Boeing CEO Kelly Ortberg said in an Oct. 11 memo to employees, comes amid an ongoing strike by 33,000 workers that has halted production of the planemaker’s 737 MAX, 767, and 777 jets.

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