About 70% of Spirit AeroSystems revenue comes from Boeing.
Boeing's largest supplier, Spirit AeroSystems, makes fuselages for Boeing's bestselling 737 Max plane.
Deliveries of Boeing's 737 Max planes have slowed due to a safety crisis at the company following a door panel blowout.
First-quarter deliveries decreased by 31% compared to the same period in 2023, and overall deliveries were down 11.3%.
Spirit AeroSystems announced layoffs of 400-450 hourly employees due to slower Boeing delivery rates and high inventory levels.
The recent slowdown in commercial programs delivery rates necessitated this reduction in workforce.
Boeing's largest supplier, Spirit AeroSystems, announced layoffs of approximately 400-450 hourly employees due to slower delivery rates on commercial aircraft. The company cited high inventory levels as the reason for the reduction in workforce to align with customer needs.
Spirit AeroSystems, based in Wichita, Kansas, makes fuselages for Boeing's bestselling 737 Max plane. Deliveries of Boeing's 737 Max planes have slowed due to a safety crisis at the company following a door panel blowout.
First-quarter deliveries decreased by 31% compared to the same period in 2023, and overall deliveries were down 11.3%. The company reported a quarterly loss of $616.7 million for the first three months of the year.
About 70% of Spirit AeroSystems' revenue comes from Boeing. The company is also in talks to be acquired by Boeing, which it spun off from in 2005.
Mayor Lily Wu expressed her concern for the layoffs and their impact on the city, while the International Association of Machinists and Aerospace Workers (IAM) stood with all who could be affected.
The recent slowdown in commercial programs delivery rates has necessitated this reduction in workforce. Spirit AeroSystems had a loss of $616.7 million in the first quarter of 2023, and production will be reduced to about 31 planes per month for the rest of the year.
Spirit AeroSystems had a loss of $616.7 million in the first quarter of 2023.
Production at Spirit AeroSystems will be reduced to about 31 planes per month for the rest of the year.
Accuracy
Spirit AeroSystems is laying off approximately 400-450 employees in Wichita, Kansas.
The layoffs are due to a recent slowdown in the delivery rate on commercial programs and high inventory levels.
Deception
(100%)
None Found At Time Of
Publication
Fallacies
(85%)
The article contains an appeal to authority and inflammatory rhetoric. It also presents a dichotomous depiction of the situation.
. . . the company said it has “made the difficult decision” to reduce the hourly production workforce “by approximately 400-450 employees.”
Workers who are affected may not know right away. Managers will contact workers in the coming weeks to provide specific instructions on the exit process.
Wichita Mayor Lily Wu said the focus now needs to be on the workers. . . every one of these jobs has three to four, maybe even some cases, five jobs in the community that are impacted by the flowing of those dollars through the economy, so it’s going to have a ripple effect.
Of the 21,000 employees Spirit has worldwide, 12,500 work at its Wichita plant.
The layoffs are a result of the more stringent inspection process put in place after a faulty door plug blew out of an Alaska Airlines 737 MAX in mid-flight in January.
Accuracy
Spirit currently has about 12,000 employees in Wichita and had a peak employment of 13,200 before the worldwide grounding of the 737 MAX in 2019.
Production at Spirit AeroSystems will be reduced to about 31 planes per month for the rest of the year.
Boeing’s biggest supplier, Spirit AeroSystems, is laying off around 400-450 hourly employees due to slower delivery rates on commercial aircraft.
Spirit AeroSystems makes fuselages for Boeing’s bestselling 737 Max plane at its Wichita facility.
Deliveries of Boeing’s 737 Max planes have slowed, resulting in a decrease in first-quarter deliveries by 31% compared to the same period in 2023.
Overall deliveries were down 11.3% for Spirit AeroSystems in the first quarter of 2024.
The company reported a quarterly loss of $616.7 million for the first three months of the year.
Spirit AeroSystems has struggled financially in recent years and was last profitable in 2019.
About 70% of Spirit AeroSystems’ revenue comes from Boeing.
Accuracy
No Contradictions at Time
Of
Publication
Deception
(100%)
None Found At Time Of
Publication
Fallacies
(95%)
The author provides clear and factual information about Spirit AeroSystems laying off workers due to slower delivery rates from Boeing. There are no explicit fallacies in the article. However, there is an appeal to authority when the author quotes Boeing CEO Dave Calhoun stating that it is 'more than likely' that Boeing and Spirit AeroSystems will reach a deal during the second quarter.
"more than likely" that the companies reach a deal during the second quarter.
