Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Analysis Featured News Stocks

Spirit Aero reviews furlough contingency plans amid Boeing strike

post-img

Spirit AeroSystems is reviewing its contingency plans regarding furloughs, a company spokesperson said on Thursday, adding that the key supplier of Boeing has not yet made a decision.

The planning by the financially struggling Wichita, Kansas-based aerostructures giant follows a strike by more than 32,000 U.S. West Coast Boeing workers that is now spilling over into the planemaker’s supply chain.

Boeing and its largest union will resume contract talks on Friday in a bid to end a strike that has throttled plane production and hammered the finances of the aerospace giant.

Boeing workers in the Seattle area and Portland, Oregon, walked off the job on Sept. 13 in the union’s first strike since 2008, halting production of airplane models including Boeing’s best-selling 737 MAX. Spirit produces the fuselage for Boeing’s MAX.

“We’re reviewing our contingency plans regarding furloughs. No decisions have been made at this time,” Spirit spokesperson Joe Buccino said.

Buccino added that Spirit was evaluating “a variety of possible actions all aimed at protecting the future of our company.”

The Financial Times reported on Wednesday that Spirit would begin furloughs in three weeks if the strike continues.

Related Post