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 08.29.14 ** HD iPad-Friendly -- Airborne 08.29.14 **
** Airborne 08.27.14 ** HD iPad-Friendly -- Airborne 08.27.14 **
** Airborne 08.25.14 ** HD iPad-Friendly -- Airborne 08.25.14 **

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.

FMI: www.spiritaero.com, www.gkn.com

Advertisement

More News

Classic Aero-TV: 26,000 Pounds of Heli-Beast -- The Cold War Air Museum’s Mi-24

Ugly To Many, But Incredibly Beautiful To Hard-Core Helo Fans ANN CEO and Editor-in-Chief, Jim Campbell visited the Cold War Air Museum's Mi-24 Russian helicopter at HAI a little o>[...]

Airborne 08.29.14: Google Drone!, Cessna's 10,000th, Bearhawk LODA

Also: Big Boeing Order, Napa Tower Quaked, Landsberg Retires, Galileo Falters Breaking News! Google has unveiled an exciting new UAV project, called Project Wing, which has been un>[...]

Aero-News: Quote Of The Day (09.01.14)

“We are delighted that construction of a world-class aerospace assembly facility is underway in Lafayette and that skilled Louisiana workers will be producing the standard-be>[...]

Annual Oshkosh 2014 'Best/Worst Of' Award Selection Invites YOUR Participation!

YOU Can Contribute To The Annual List Compiled By The Staff and Readership of the ANN and Aero-TV! E-I-C Note: We're going to start naming names and dropping details THIS week--- t>[...]

Klyde Morris (09.01.14)

Klyde Drones On... and On... FMI: www.klydemorris.com>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC