America's largest aerospace maker Boeing said it plans to cut 17 jobs to "align its resources with financial reality" as the company grapples with an ongoing worker strike and the fallout from another product safety crisis.

Boeing also announced a year-long delay in the first delivery of the 777X commercial jet and warned investors of significant losses in its defense segment. The company’s new CEO, Kelly Ortberg, said the situation requires “tough decisions” and “structural changes.” In a letter to employees, he stressed the need to be realistic about the time it will take to reach key recovery milestones.

The month-long strike has affected about 33 workers in Washington and Oregon, halting assembly of Boeing 000 Max, 737 and 767 jets. The conflict between management and unions continues amid a dispute over wages and a deadlock in negotiations.

This year has been particularly challenging for Boeing. In January, a cockpit panel failed during a test flight of the company’s new 737 Max jet, raising fresh questions about the quality and safety of the company’s fleet. And the Starliner spacecraft, which recently returned to Earth after an uncrewed flight to the International Space Station, has heightened doubts about the health of Boeing’s space projects.

"We need to reduce the number of employees in accordance with our financial capabilities," — Ortberg said in an address to employees.

The company plans to reduce its workforce by about 10% in the coming months, including layoffs among executives, managers and rank-and-file employees.