Boeing to cut 17,000 jobs and delay first 777X delivery as strike hits finances

FILE PHOTO: Boeing branding at Farnborough International Airshow, in Farnborough

(Reuters) – Boeing will cut 17,000 jobs, or 10% of its global workforce, delay first delivery of its 777X jet by a year and expects substantial new losses in its defense business as a month-long strike batters company finances, CEO Kelly Ortberg said on Friday.

Ortberg said in a message to employees that the company must reset its workforce levels “to align with our financial reality” after a strike by around 30,000 U.S. West Coast workers shuttered production of its 737 MAX, 767 and 777 jets.

(Reporting By Allison Lampert and David Shepardson; editing by Rod Nickel)