Boeing will provide Spirit AeroSystems with up to $350M cash lifeline
In April, Boeing provided a $425 million advance to support Spirit's liquidity. Spirit, Wichita's largest employer with around 12,800 full-time workers, previously disclosed it has spent all of that money, as well as the entirety of a $350 million bridge loan that was set up earlier this year.
Boeing workers who were furloughed will be getting their paychecks back, announced CEO Kelly Ortberg Thursday.
Boeing instituted rolling furloughs in September, with tens of thousands of employees asked to take off one out of every four ...
The furloughs and subsequent layoffs were sufficiently painful to drive a real reckoning that forced us to evaluate whether our actions were driving value or just tied to inertia. Rufo: Will this ...
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More than 32,000 Boeing machinists walked off the job on Sept. 13 after turning down an earlier tentative agreement.
For round two employees, their last day will be February 21, 2025. Boeing previously announced weekly furloughs. The last week of the first wave of those furloughs finishes this week for BCA and ...
KSNW Wichita on MSN7d
Spirit AeroSystems plans no additional furloughs or layoffs after Boeing strike endsWichita-based Spirit AeroSystems says it is not planning to implement additional furloughs or layoffs after Boeing workers ...
Boeing is in the process of buying Spirit for $4.7 billion to reduce outsourcing and to have more control over its supply chain. The furloughs at a key supplier were announced as Boeing faced a ...
Economists estimate that the strike and rolling weekly furloughs of non-striking workers as well as temporary layoffs at Boeing's suppliers subtracted as many as 50,000 jobs from nonfarm payrolls ...
Spirit AeroSystems Holdings Inc. will start furloughing workers later this month in response to the continuing strike at Boeing Co., the aerostructure supplier’s biggest customer. Spirit will ...
"We would not be surprised to see another such arrangement be announced," a prominent Wall Street aerospace sector analyst ...
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