{"id":11430,"date":"2024-10-21T15:01:00","date_gmt":"2024-10-21T15:01:00","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2024\/10\/21\/spirit-aerosystems-to-furlough-700-workers-as-boeing-machinist-strike-continues\/"},"modified":"2024-10-21T15:01:00","modified_gmt":"2024-10-21T15:01:00","slug":"spirit-aerosystems-to-furlough-700-workers-as-boeing-machinist-strike-continues","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2024\/10\/21\/spirit-aerosystems-to-furlough-700-workers-as-boeing-machinist-strike-continues\/","title":{"rendered":"Spirit AeroSystems to furlough 700 workers as Boeing machinist strike continues"},"content":{"rendered":"<p class=\"\">Boeing\u00a0supplier\u00a0Spirit AeroSystems\u00a0will furlough some 700 workers as a\u00a0strike\u00a0by machinists at the plane maker enters its sixth week, a spokesman for the supplier said Friday.<\/p>\n<p class=\"\">More than 32,000 Boeing workers walked off the job Sept. 13 after overwhelmingly rejecting a tentative\u00a0labor deal\u00a0with Boeing, deepening the aircraft producer\u2019s financial strain and handing a new challenge to\u00a0CEO Kelly Ortberg, who took the reins just over two months ago.<\/p>\n<div><\/div>\n<p class=\"\">The temporary furloughs account for about 5% of Spirit\u2019s U.S. workforce, according to its latest annual filing.<\/p>\n<p class=\"\">The temporary furloughs will affect employees at Spirit\u2019s largest facilities, in Wichita, Kansas,\u00a0and\u00a0account for about 5% of Spirit\u2019s U.S. workforce, according to its latest annual filing. Meanwhile, Boeing and its machinists\u2019 union\u00a0remain at an impasse, and Spirit is considering deeper cuts.<\/p>\n<p class=\"\">\u201cIf the strike continues beyond November, we will have to implement layoffs and additional furloughs,\u201d Spirit spokesman Joe Buccino told CNBC on Friday.<\/p>\n<p class=\"\">Ortberg, who faces investors in his first earnings call next Wednesday, last week announced a series of drastic measures meant to slash costs as the company\u2019s losses mount, including cutting the workforce by 10%, or about 17,000 people. Boeing is also ending 767 commercial production when orders are fulfilled in 2027 and said its long-delayed 777X wide-body jet won\u2019t debut until 2026, pushing it back yet another year.<\/p>\n<p class=\"\">Boeing is in the process of raising debt or equity to\u00a0increase liquidity.<\/p>\n<p class=\"\">The roughly 700 Spirit workers affected by the 21-day furlough are assigned to the 777 and 767 programs for Boeing, for which Spirit has built up \u201csignificant inventory,\u201d Buccino said. Spirit workers on Boeing\u2019s bestselling 737 Max are not affected, he added. Work on all three programs, however, is stalled because of the strike.<\/p>\n<p class=\"\">Boeing agreed to\u00a0acquire Spirit\u00a0this summer, but the companies don\u2019t expect the deal to close until mid-2025. Reuters earlier reported Spirit\u2019s latest furloughs.<\/p>\n<\/p>\n<div>This post appeared first on NBC NEWS<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Boeing\u00a0supplier\u00a0Spirit AeroSystems\u00a0will furlough some 700 workers as a\u00a0strike\u00a0by machinists at the plane maker enters its sixth week, a spokesman for the supplier said Friday. More than 32,000 Boeing workers walked off the job Sept. 13 after overwhelmingly rejecting a tentative\u00a0labor deal\u00a0with Boeing, deepening the aircraft producer\u2019s financial strain and handing a new challenge to\u00a0CEO Kelly [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":11431,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-11430","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/11430","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=11430"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/11430\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/11431"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=11430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=11430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=11430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}