Boeing announced that they will lay off 10% of its workforce in the coming months and cut its production amid an ongoing labor union strikes.

Boeing plans to cut about 10% of its workforce, or about 17,000 people. The manufacturer will also delay the launch of its new 777X wide-body planes until 2026, citing development issues. A factory strike is almost a month old,

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,