More Bad News In Wichita: Spirit Aerosystems Idles 360 Workers | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date






Airborne On ANN

Airborne 10.17.16

Airborne 10.18.16

Airborne 10.19.16

Airborne 10.20.16

Airborne 10.21.16

Airborne Hi-Def On YouTube

Airborne 10.17.16

Airborne 10.18.16

Airborne 10.19.16

Airborne 10.20.16

Airborne 10.21.16

Sat, Jul 27, 2013

More Bad News In Wichita: Spirit Aerosystems Idles 360 Workers

U.K. Interest Said To Be Considering Buying The Company

About 360 people employed by Spirit Aerosystems are no longer employed by the company. Spirit laid off the management and salaried workers from their operations in Kansas and Oklahoma Thursday.

In a statement posted on its website, the company said "Today's action is a strategic move to make the company more competitive in a cost-sensitive environment, and results from an ongoing workforce assessment designed to reduce overhead costs, increase efficiency and drive improved performance.

Spirit remains a strong company with a robust backlog of approximately $36 billion."

The statement said the company is offering affected employees severance benefits and career transition services.

The Wichita Eagle reports that about 200 of the workers are professional engineers and technical workers represented by SPEEA. Hourly workers were not affected by the layoffs. SPEEA had warned of the job action Wednesday. SPEEA has filed multiple unfair labor practice complaints against Spirit Aerosystems during ongoing contract negotiations.

The company is also reportedly being considered for acquisition by the U.K. aerospace components group GKN. The Wichita Eagle relays a report from the British newspaper The Daily Mail that indicates the U.K. company is "on the verge" of making an offer for Spirit Aerosystems. GKN is reportedly being advised by Bank of America/Merrill Lynch.

An acquisition would shore up GKNs ties with Boeing, but an analyst quoted in The Daily Mail said that the deal could be risky given Spirit's acceptance of what it described as "underpriced contracts" in 2012.



More News

Airborne 10.21.16: NIMBYs Out Of Control, SMO Evictions On Hold, New Race Class

Also: CVR/FDR Expansion, Focusing On Santa Monica, NASAO Boss, GE9X Engine, 1000th H-60M, Verizon Drones, New LAS ATC A Transportation Safety Board of Canada team is currently inve>[...]

Aero-News: Quote of the Day (10.23.16)

Aero-News Quote of the Day "Think of this transition as changing an engine on a plane when it's inflight. Rolling out STARS in our nation's busiest airspaces, without disrupting ai>[...]

ANN's Daily Aero-Linx (10.23.16)

Aero Linx: The Society of United States Air Force Flight Surgeons (SoUSAFFS) SoUSAFFS was established in 1960 to more specifically support the USAF FS than AsMA at large could. Sin>[...]

ANN's Daily Aero-Term (10.23.16): Final Approach Point

Final Approach Point The point, applicable only to a nonprecision approach with no depicted FAF (such as an on airport VOR), where the aircraft is established inbound on the final >[...]

ANN FAQ: Q&A 101

A Few Questions AND Answers To Help You Get MORE Out of ANN!>[...]

blog comments powered by Disqus





© 2007 - 2016 Web Development & Design by Pauli Systems, LC