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Spirit AeroSystems weighs hundreds more furloughs or layoffs
Spirit AeroSystems weighs hundreds more furloughs or layoffs if Boeing strike goes beyond Nov. 25
Spirit AeroSystems is weighing furloughs or layoffs of hundreds more employees if the Boeing machinists' strike stretches beyond Nov. 25, a company spokesman told CNBC on Thursday. More than 32,000 Boeing machinists walked off the job on Sept.
Spirit AeroSystems and 2 More Supplier Stocks That Could Feel the Impact of Boeing Strike
The ongoing strike by Boeing workers is not only affecting the plane maker, but its suppliers as well after workers rejected the latest deal Wednesday.Spirit AeroSystems stock fell 1.6% to $32.13 early Thursday.
Spirit AeroSystems weighs more furloughs if Boeing strike continues, CNBC says
Spirit AeroSystems (SPR) is weighing furloughs or layoffs of hundreds more employees if the Boeing (BA) machinists’ strike stretches
Boeing CEO remains committed to Spirit AeroSystems purchase amid strike, financial issues
"Just to be clear, there's no change in our commitment to the Spirit acquisition and the integration," Boeing CEO Kelly Ortberg said.
Spirit workers react to Boeing strike
Sixty-four percent of workers voted to reject the new contract, according to the International Association of Machinists and Aerospace Workers (IAM), the union representing 33,000 Boeing workers continuing to strike in Washington.
Spirit AeroSystems to furlough 700 workers as Boeing machinist strike continues
Spirit AeroSystems had been scrambling to cut costs after more than 32,000 Boeing machinists walked off the job Sept. 13.
Spirit AeroSystems posts deep losses in Q3 as Boeing strike hit finances
Boeing suppliers that invested heavily on materials and tooling to support the planemaker's planned ramp-up of jets have been furloughing workers in recent weeks and holding off on investments due
Spirit Aerosystems Furloughs 700 Workers Amid Boeing Strike: 'This Difficult Step Was Necessary' Says CEO
Spirit Aerosystems plans to furlough about 700 employees for 21 days starting October 28 due to the Boeing strike, with potential further layoffs if the strike continues. "This difficult step was necessary given our limited storage capacity for 767 and 777 units,
Spirit Aero losses deepen, burns cash as Boeing strike bites
(Reuters) -Spirit AeroSystems posted deeper quarterly losses on Wednesday and said it was burning through dwindling cash reserves, as a strike by Boeing U.S. factory workers hammered the finances of its biggest supplier.
Spirit AeroSystems Gets Hit By Boeing Strike. What Is Means for GE, RTX and Other Suppliers.
Spirit AeroSystems, stock fell 1.1% to $32.29 in the premarket Thursday. GE Aerospace and RTX Corp. are also important suppliers for Boeing. RTX stock has gained 5.7% in the last
Spirit Aerosystems
Advantage Energy: Q3 Earnings Snapshot
Advantage Energy shares have increased 2% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $6.60, a decline of slightly more than 4% in the
Spirit Aerosystems: Q3 Earnings Snapshot
Spirit Aerosystems Holdings Inc. (SPR) on Wednesday reported a loss of $476.9 million in its third quarter. On a per-share basis, the Wichita, Kansas-based company said it had a loss of $4.07. Losses,
AutoNation: Q3 Earnings Snapshot
The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $4.48 per share. The auto retailer posted revenue of $6.59 billion in the period, which also missed Street forecasts.
3h
Waldron Private Wealth LLC Makes New Investment in Spirit AeroSystems Holdings, Inc. (NYSE:SPR)
Waldron Private Wealth LLC acquired a new stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR – Free Report) during the ...
Flightglobal
1d
Production troubles push Spirit AeroSystems to $447m loss in third quarter
Aircraft structures producer Spirit AeroSystems lost $477 million in the third quarter of 2024 due largely to significant ...
The Business Journals
11d
Spirit AeroSystems loses big FLRAA contract from Textron's Bell division
Spirit
AeroSystems
' defense portfolio has taken a large hit. What it means for Wichita's biggest employer.
Spirit
...
MarketWatch
1d
Spirit AeroSystems Widens Loss, Posts Lower-Than-Expected 3Q Earnings
Spirit
AeroSystems
widened its net loss and missed analyst expectations in the third quarter. The plane manufacturer on Wednesday reported a net loss of $477 million, or $4.07 a share, compared ...
1d
Spirit Airlines to implement a 21-day furlough for approximately 700 employees
U.S. supplier Spirit AeroSystems will implement a 21-day furlough for approximately 700 employees working on the 767 and 777 ...
1d
Boeing-Spirit and beyond: A look back at 2024 Wichita mergers and acquisitions activity
Wichita-based Pearson Construction continued to expand in the first half of 2024 with the acquisition of Concrete Materials ...
News Letter on MSN
2d
Spirit and Airbus 'continue to negotiate in good faith' and 'evaluate options' over Belfast operations
The response comes after Unite says Belfast aircraft workers are ‘in limbo’ after no assurances three months after Boeing’s ...
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