Boeing plans to lay off over 400 aerospace union members amid financial challenges, following a machinists' strike and production slowdowns.

Boeing has delivered layoff notices to more than 400 members of its professional aerospace labor union, part of thousands of cuts planned as the company struggles to recover from financial and regulatory trouble as well as an eight-week strike by its machinists' union.

The manufacturer distributed pink slips last week to members of the Society of Professional Engineering Employees in Aerospace, or SPEEA

Boeing has laid off more than 400 members of its professional aerospace labor union, part of companywide cuts that will reach 10% of Boeing's workforce.

Boeing initiates a workforce reduction, laying off over 400 employees as part of its ongoing restructuring efforts. Read to know more!

Boeing plans to cut 10% of its workforce. Employees learn their fate Wednesday. Non-frontline workers are targeted, though engineering and production won't be exempt.

According to The Seattle Times, the pink slips were distributed to members of the Society of Professional Engineering Employees in Aerospace, or SPEEA, last week. The employees will continue to be paid until the middle of January.