The decision comes nearly a month after workers with the International Association of Machinists and Aerospace Workers District 751 went on strike.

Boeing will cut 17,000 jobs -- 10% of its global workforce -- delay first deliveries of its 777X jet by a year and record $5 billion in losses in the third quarter, as the U.S. planemaker continues to spiral during a month-long strike.

Boeing announced Friday that it would cull 10 percent of its workforce — roughly 17,000 jobs — as the embattled aviation giant grapples with mounting losses and manufacturing disruptions as its machinist strike drags into the fifth week.