Boeing to cut workforce by 10% as strike eats into reserves

Boeing to cut workforce by 10% as strike eats into reserves

By Benedikt Kammel | Bloomberg Boeing Co. said it plans to cut its workforce by about 10%, responding to the crisis facing the planemaker as it faces a drawn-out strike by workers and a worsening cash crunch. The reductions will include executives, managers and employees, Chief Executive Officer Kelly Ortberg said in a memo to…