Boeing slashes another 7,000 jobs after $3.5bn loss

Boeing plans to cut another 7,000 jobs after sinking to a $3.5bn loss for the three months to September.

The embattled aerospace giant expects to lose about 30,000 staff by the end of next year, with about 4,000 coming from attrition, bringing the total workforce down to 130,000.

It burnt through $4.8bn of cash in the quarter, slightly better than expected.

Boeing delivered just 28 aircraft in the period.