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8 months ago
Boeing to cut 777 production rate by 40 percent in August 2017
December 12, 2016 / 9:25 PM / 8 months ago

Boeing to cut 777 production rate by 40 percent in August 2017

NEW YORK, Dec 12 (Reuters) - Boeing Co said on Monday that it will cut production of its twin-aisle 777 jetliner to 5 a month in August 2017, a 40 percent reduction from the current rate of 8.3 a month.

The cut will affect employment and have a "modest impact" on Boeing's 2016 financial results, the company said. (Reporting by Alwyn Scott; Editing by Meredith Mazzilli)

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