Plans to fast-track appeals of those affected by IT scandal to be announced "very shortly", minister says.
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The reduction is much higher than previously reported and a quarter of the cuts will take place in the UK.
Many questions remain after a 737 Max Boeing plane suffered a mid-air blowout in the US.
Woods became synonymous with Nike as they joined forces on his rise to the top in the late 1990s.
Boeing shares fell more than 8% at one point while shares in its supplier Spirit Aerosystems dropped 11%.
The firm's founder has earned more than £1bn over four years but campaigners say it is not "fair".
The tech giant is compensating US customers and faces similar allegations in the UK.
Regulator Ofgem has given three companies permission to force-fit prepayment meters in homes.
The jet involved in Friday's incident had been prevented from long trips over water, US investigators say.
The announcement comes as Taiwan prepares to hold presidential and parliamentary elections on 13 January.
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