American company Boing it will reduce the workforce by ten percent - by around 17.000 people "to align with financial reality".
At the same time, the company's losses are increasing, and the aircraft mechanics' strike, which has stopped work at this aircraft factory, is entering its fifth week.
Boeing also announced a one-year delay in the first delivery of its 777X commercial jet - it won't be delivered until 2026, throwing into question a plan that is already six years behind schedule, reports CNBC.
The company also announced losses in the third quarter, with expected revenue of $17,8 billion and a loss per share of $9,97.
"We are in a difficult position and it is difficult to assess the challenges we all face together." "Rebuilding our company requires tough decisions, and we will be forced to make structural changes to ensure we remain competitive and deliver airplanes to our customers over the long term," said Boeing CEO Kelly Ortberg.
Strike and a difficult year
About 33.000 Boeing workers in Washington and Oregon went on strike a month ago, halting production of the 737 Max, 767 and 777 planes over a wage dispute. The negotiations have not borne fruit since then.
It was also announced that Boeing will stop producing the cargo version of its 2027 jet in 767, after fulfilling all orders.
All this comes in A tough year for Boeing. The explosion of a panel in the cabin of a brand new Max plane in January caused a crisis regarding the safety and quality of the planes of the American company.
In addition, the mission of Boeing's Starliner spacecraft, which returned to Earth last month without the two astronauts it carried to the International Space Station, has also raised questions about Boeing's troubled space business.
The company “must reset workforce levels to align with financial reality. Over the coming months, we plan to reduce the overall size of our workforce by approximately ten percent. These cuts will include CEOs, managers and employees," Ortberg said.
Boeing shares fell 1,6 percent after the news broke.
The American company has lost more than 25 billion dollars since the beginning of 2019.
