Boeing is laying off 10% of its workforce, approximately 17,000 employees, in a move to cut costs and improve competitiveness. CEO Kelly Ortberg cited financial challenges and the need for structural changes.

Boeing started issuing layoff notices Wednesday to 17,000 employees to cut 10% of its workforce in an effort to shore up the aerospace giant's shaky finances.

(Tribune News Service) — Boeing employees will learn Wednesday who will lose their jobs in mid-January in the round of layoffs Boeing announced last month. The cuts will be broadly spread across the company and, despite some expectations earlier, engineers and production workers won’t be exempt.

Boeing Co. is notifying workers in North Charleston and its other locations this week whether they'll lose their jobs under a broad-based cost-cutting proposal

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 employees will learn if they will have a job in January. I mean, he really does have a point. Sen. Elizabeth Warren (D-Mass.) said Monday that President elect-Trump “and his transition team are already breaking” a law on presidential transition.

The approximately 17,000 employees included in the cuts were notified this week and are expected to leave the company in mid-January, Boeing said. The cuts, which come after a labor union strike, equate to 10% of its workforce.