Embattled US aerospace giant also announces plans to delay first delivery of 777X commercial jetliner by a year<\/p>\n\n\n\n
Boeing is cutting 17,000 jobs \u201cto align with our financial reality\u201d as the beleaguered aerospace giant grapples with a sweeping strike and the persisting fallout<\/a> from its latest safety crisis.<\/p>\n\n\n\n The American firm also announced plans to delay the first delivery of its 777X commercial jetliner by a year, and braced investors for \u201csubstantial\u201d new losses in its struggling defense business.<\/p>\n\n\n\n Kelly Ortberg, its new chief executive, declared that \u201ctough decisions\u201d and \u201cstructural changes\u201d were required. \u201cWe need to be clear-eyed about the work we face,\u201d he wrote in a memo to staff on Friday, \u201cand realistic about the time it will take to achieve key milestones on the path to recovery.\u201d<\/p>\n\n\n\n About 33,000 Boeing workers in Washington and Oregon went on strike a month ago, halting production of the company\u2019s 737 Max, 767 and 777 jets amid a standoff over pay<\/a>. Negotiations remain at an acrimonious stalemate.<\/p>\n\n\n\n It comes amid a dire year for Boeing. January\u2019s cabin panel blowout<\/a> during a flight of a brand new Max jet sparked a fresh crisis<\/a> surrounding the safety and quality of its planes.<\/p>\n\n\n\n