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Boeing announced Friday that it plans to cut 10 percent of its workforce as it projected a large third-quarter loss in the wake of a machinist strike in the Seattle region.

The aircraft manufacturing giant blamed work stoppages for its spiraling fortunes

US aviation giant Boeing plans to lay off about 10 percent of its workers in the coming months, about 17,000 people, as it projected a large third-quarter loss after a nearly month-long strike by 33,000 of its workers slowed production and caused executives to delay delivery of its 777X jet…

The offer would have resulted in a pay increase by almost a third over four years for 33,000 US staff, according to the aircraft manufacturer

Boeing and its mechanist union held an unproductive round of talks on Monday and Tuesday. Boeing stock falls as the strike continues.

Boeing has just faced a major setback in negotiations with thousands of workers who are currently on strike.

Union declines to put planemaker’s proposal for 30% pay rise over four years and improved pension to a vote

Boeing proposed lifting hourly wages for striking workers by 30 percent on Monday, sweetening its initial offer in an effort to end a 10-day stoppage that shuttered Seattle-area plants.

Boeing has started rolling furloughs of nonunion employees as a week-old labor strike by 33,000 union machinists shows no signs of ending

In his first day at Boeing, Kelly Ortberg visited the factory floor to speak with workers on the 737 MAX program, part of the new CEO's effort to "reset" labor relations.