From CNBC: 2024-10-18 09:55:11

Boeing supplier Spirit AeroSystems furloughs 700 workers as Boeing machinists’ strike enters sixth week, impacting 32,000 employees. CEO Kelly Ortberg faces financial strain, announcing layoffs of 17,000 staff and delaying 777X jet to 2026. Spirit considers deeper workforce cuts if strike persists beyond November, affecting 777 and 767 programs. Boeing raising debt or equity to increase liquidity.



Read more at CNBC: Spirit AeroSystems to furlough 700 workers as Boeing strike continues