10% staff cut at Boeing

The company is forecasting a big third-quarter loss after a strike by Seattle-area mechanics.

"Boeing said it plans to cut 10 percent of its workforce.

The company is forecasting a big third-quarter loss after a strike by Seattle-area mechanics.

The aviation giant needs to "realign our workforce levels to align with our financial reality," said Chief Executive Kelly Ortberg, adding that the cuts "will include executives, managers and employees." | BGNES