The cuts, which come after a labor union strike, equate to 10% of its workforce. “We are adjusting our workforce levels to align with our financial reality and a more focused set of priorities,” Boeing said in a statement to FOX Business.

The manufacturer is starting its 10% employment downsizing, affecting executives, managers, and regular employees across the company, but not assembly workers.

The planemaker's CEO, Kelly Ortberg, stated that while factory workers would be repaid for lost wages, the company would still go ahead with its plans to slash approximately 10% of its workforce globally.

Boeing 's CEO Kelly Ortberg has confirmed that the company will pay its furloughed workers for their lost wages during a recent seven-week strike. However, despite the decision, Boeing will go ahead with its previously announced plan of cutting down about 10% of its global workforce.

Boeing said on Wednesday it is issuing layoff notices starting this week to workers impacted by a broader plan by the heavily indebted planemaker to cut 17,000 jobs, or 10% of its global workforce. U.

Boeing said on Wednesday that it will start giving notice of layoffs to workers impacted by its larger plan to cut 17,000 positions, or about 10%, from its workforce worldwide this week. According to federal law,

Boeing sending out the Worker Adjustment and Retraining Notification (WARN) in mid-November was widely expected

Boeing began notifying employees of layoffs Wednesday as it seeks to reduce its roughly 170,000-strong workforce by 10%.