Boeing (BA) has unveiled its preliminary third quarter results, reporting a wider-than-expected loss per share. This announcement comes alongside plans to reduce its workforce by approximately 17,000 jobs, representing about 10% of the company's total employees.

These developments unfold against an ongoing strike by the International Association of Machinists (IAM), which has now surpassed the one-month mark.

Yahoo Finance Autos Reporter Pras Subramanian delves into the various challenges currently facing the aerospace giant.

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This post was written by Angel Smith