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

Debt-ridden plane-maker Boeing (NYSE:BA) has reportedly delivered layoff notices to more than 400 members of its professional aerospace labor union, as part of a larger workforce reduction plan amid ongoing financial challenges.

Boeing has delivered layoff notices to more than 400 members of its professional aerospace labor union, part of thousands of cuts planned as the company struggles to recover from financial and regulatory trouble as well as an eight-week strike by its

Boeing employees will begin receiving layoff notices on Wednesday, according to a timeline that the company confirmed for the cuts. The job cuts will include executives, managers and employees, according to information previously released by the company.

Boeing started issuing layoff notices Wednesday to 17,000 employees to cut 10% of its workforce in an effort to shore up the aerospace giant's shaky finances.

Boeing is expected to lay off 10% of its workforce, which amounts to nearly 17,000 employees across the company, including over 200 workers in Charleston. According to reports, The Boeing Company will permanently lay off 220 employees on January 17,

Nine days after settling a strike that cost the company billions, airplane manufacturer Boeing announced that it plans to cut 10% of its workforce and will start sending out layoff notices this week.

Missouri U.S. Senator Josh Hawley is critical of aerospace manufacturer Boeing for its plans to lay off nearly 700 Missouri workers beginning in January. He said the decision is unfair to Missourians losing jobs when company executives get paid so much while “running the company into the ground.

Boeing said it will lay off about 220 workers at its SC factories, nearly all of them at sites that build engine components, cabin parts and the Dreamliner jet.

Boeing has delivered layoff notices to more than 400 members of its professional aerospace labor union, part of thousands of cuts planned as the company struggles to recover from financial and regulatory trouble,