XAR - Spirit AeroSystems To Lay Off Hundreds As Boeing Struggles with Production | Benzinga
Spirit AeroSystems Holdings Inc (NYSE:SPR), a primary supplier of jet fuselages, is reducing its workforce by 400 to 450 employees at its Wichita, Kansas factory.
The layoffs are a response to a production deceleration at Boeing Co (NYSE:BA), Spirit’s largest client.
“The recent slowdown in the delivery rate on commercial programs compels a reduction to our workforce in Wichita,” Spirit stated.
Originally part of Boeing, Spirit AeroSystems has faced significant quality challenges with the 737 MAX jets, which has been central to their current struggles.
The Wichita facility, which employs about 13,000 workers, is the epicenter of these issues, according to a report from the Wall Street Journal.
The layoffs coincide with delays in Boeing’s efforts to acquire Spirit due to