The Globe and Mail reports in its Saturday edition that Boeing will cut 17,000 jobs, delay first deliveries of its 777X jet by a year and record $5-billion (U.S.) in losses in the third quarter, as the plane maker continues to spiral during a month-long strike. A Reuters dispatch to The Globe quotes Boeing chief Kelly Ortberg saying in a message to employees that the company must shrink its work force "to align with our financial reality" after a strike by 33,000 U.S. West Coast workers halted production of its 737 Max, 767 and 777 jets. Mr. Ortberg added that the roughly 10-per-cent employee reductions will include executives, managers and employees. Boeing shares fell 1.7 per cent in after-market trading. Boeing recorded charges totalling $5-billion (U.S.) for its defence and commercial businesses. Reaching a deal to end the work stoppage is critical for Boeing, which filed an unfair-labour-practice charge on Wednesday accusing the machinists union of failing to bargain in good faith. Ratings agency S&P estimates the strike is costing it $1-billion (U.S.) a month and it is at risk of losing its prized investment-grade credit rating. Boeing now expects to delay the first delivery of its 777X in 2026.