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

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,

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.

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.

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 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,

Boeing Co. (NYSE: BA) has issued layoff notices to over 400 members of its professional aerospace labor union, as part of the company's ongoing efforts to recover from financial and regulatory 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 machinists' union.