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Boeing to cut 10% of workforce as it sees big Q3 loss
Boeing to cut 10% of workforce as it sees big Q3 loss
Economy
by  AFP

Boeing announced Friday that it plans to cut 10 percent of its workforce as it projected a large third-quarter loss in the wake of a machinist strike in the Seattle region. Boeing said the strike contributed to $3 billion in pre-tax charges to its commercial aviation results in the third quarter, part of an anticipated loss of $9.97 per share.