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Boeing to slash 17K jobs

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Boeing Corp. is planning to cut 17,000 jobs, equating to 10% of its workforce.

“Our business is in a difficult position, and it is hard to overstate the challenges we face together," CEO Kelly Ortberg said in a letter to employees.

The company additionally announced it would further delay the 777X long-range widebody jet launch and discontinue the 767 cargo plane.

Read more from the St. Louis Post-Dispatch.

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