Embattled US aerospace giant also announces plans to delay first delivery of 777X commercial jetliner by a year
Boeing is cutting 17,000 jobs “to align with our financial reality” as the beleaguered aerospace giant grapples with a sweeping strike and the persisting fallout from its latest safety crisis.
The American firm also announced plans to delay the first delivery of its 777X commercial jetliner by a year, and braced investors for “substantial” new losses in its struggling defense business.
Kelly Ortberg, its new chief executive, declared that “tough decisions” and “structural changes” were required. “We need to be clear-eyed about the work we face,” he wrote in a memo to staff on Friday, “and realistic about the time it will take to achieve key milestones on the path to recovery.
