Boeing announces coming job cuts, third-quarter loss

MOSES LAKE — Boeing plans to cut its workforce by about 10%, according to an announcement Friday from CEO Kelly Ortberg. Ortberg did not give a timeline for the job cuts, saying only that they would be instituted “over the coming months.” “Our business is in a difficult position, and it is hard to overstate the challenges we face together,” Ortberg wrote in the announcement. “Beyond navigating our current environment, restoring our company requires tough decisions and we will have to make structural changes to ensure we can stay competitive and deliver for our customers over the long term.” How the cuts will affect the company’s operation in Moses Lake, which employs about 800 people, isn’t yet clear, said Boeing spokesperson Bobbie Egan.