Boeing's biggest supplier lays off 2,800 workers because of 737 Max production suspension

By Jordan Valinsky, CNN Business

Updated 1814 GMT (0214 HKT) January 10, 2020

MOSES LAKE, WA - OCTOBER 23: Boeing 737 MAX airplanes, along with one Boeing 787 at top, are parked at Grant County International Airport October 23, 2019 in Moses Lake, Washington. Boeing reported that its profits were down by more than half in the latest quarter. The company has finished updates and testing on the 737 MAX and plans to have the planes flying by the end of the year. (Photo by David Ryder/Getty Images)

New York (CNN Business)Boeing's largest supplier is laying off a significant number of its employees because of the 737 Max production suspension.

Spirit AeroSystems (SPR), which makes fuselages for the Max as well as other items for Boeing, announced Friday that it is furloughing approximately 2,800 workers. Shares of the Wichita, Kansas-based company fell more than 1% in trading.

"The difficult decision announced today is a necessary step given the uncertainty related to both the timing for resuming 737 Max production and the overall production levels that can be expected following the production suspension," Spirit AeroSystems CEO Tom Gentile said in a press release.

fredag 10. januar 2020

MAX fallout - CNN

Boeing's biggest supplier lays off 2,800 workers because of 737 Max production suspension

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