Boeing to cut 17,000 jobs and delay first 777X delivery as strike hits finances

Boeing will cut 17,000 jobs, delay 777X jet deliveries by a year, and record $5 billion losses due to an ongoing strike by West Coast workers. CEO Kelly Ortberg stated that the downsizing aligns with financial reality. Boeing also faces cash flow issues, end of 767 freighter production, and potential penalties from safety and fraud concerns.
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