Boeing announced on Friday it will cut 10% of its workforce — 17,000 jobs — and delay the first delivery of its 777X jet amid month-long strikes. NewsNation’s Caitlyn Becker has more. #Boeing #Strike

The aerospace company has faced production slumps and a declining stock this year as it now contends with striking workers and a massive workforce reduction.

Boeing will cut 17,000 jobs, or 10% of its global workforce, delay first delivery of its 777X jet by a year and expects substantial new losses in its defense business as a month-long strike batters company finances,