Boeing has announced plans to reduce its workforce by 10%, expecting significant losses in the third quarter amid a strike by mechanics in Seattle.

CEO Kelly Ortberg stated that the company will eliminate 17,000 jobs globally, including executive and managerial positions. This move is part of austerity measures and production delays, with 33,000 workers participating in the strike that began on September 13 after a new agreement was rejected.

Boeing noted that the strike contributed to $3 billion in pre-tax charges in commercial aviation results for the third quarter, part of an anticipated loss of $9.97 per share.

Ortberg also emphasized that these measures are essential to ensure long-term competitiveness, indicating that details of the cuts will be announced next week.