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Response to Maxheader (Original post)

Tue Jan 14, 2020, 03:36 PM

5. Adding a link: Spirit AeroSystems will lay off 2,800 workers after Boeing 737 Max halt

Spirit AeroSystems will lay off 2,800 workers after Boeing 737 Max halt

BY CHANCE SWAIM
JANUARY 10, 2020 09:48 AM

Wichitaís largest employer, Spirit AeroSystems, announced Friday that it will lay off 2,800 workers due to uncertainty about production of the Boeing 737 Max. ... All 2,800 employees work in Wichita. The layoffs will be followed by further cuts later this month at the companyís Tulsa and McAlester, Oklahoma, locations, according to a news release sent out by the company.

Spirit may shed more jobs in the future, the news release said. The 2,800 workers represent more than a fifth of the companyís Wichita work force, according to the Greater Wichita Area Partnershipís most recent numbers. ... Hourly workers will start leaving the company Jan. 22 followed by salaried employees, who start leaving the company Feb. 7. All employees will receive compensation for the full 60-day notice period, according to a letter Spiritís CEO sent to employees Friday.

{snip}

SPIRITíS SUCCESS TIED TO THE 737

Spiritís economic success has been tied to that of Boeing ó and the 737 ó since the company formed as a spin-off of Boeing Commercial Airplanes. ... More than half of Spiritís revenue comes from the production of 737 aircraft components. The 737 Max was grounded worldwide in March after a pair of deadly crashes in Indonesia and Ethiopia killed 346 people.

Before the 737 Max was grounded, Spirit was in the midst of an economic boom. In the past two years, the company has announced plans to add thousands of jobs and invest $1 billion in its Wichita factory. ... In return, Wichita and Sedgwick County agreed to pay $14.5 million for a building at Spiritís factory on South Oliver. The state of Kansas pitched in $23.5 million and agreed to allow the company to keep 95 percent of its new workersí state income taxes for up to 10 years. To fill those jobs, area organizations and universities have placed an increased focus on jobs training and scholarships.

The company planned to increase monthly production of the jets from 52 to 57 as early as June of this year. But that plan was taken off course by the 737 Max crashes. ... After the crashes, Boeing reduced its production to 42 of the jets a month. But Spirit continued building 52 fuselages a month in anticipation of a quick fix. ... That fix hasnít happened.
....

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Maxheader Jan 2020 OP
getagrip_already Jan 2020 #1
rurallib Jan 2020 #3
getagrip_already Jan 2020 #4
KPN Jan 2020 #2
LineNew Reply Adding a link: Spirit AeroSystems will lay off 2,800 workers after Boeing 737 Max halt
mahatmakanejeeves Jan 2020 #5
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