Matthew Kelly

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The Daily's Verdict

This author is known for its high journalistic standards. The author strives to maintain neutrality and transparency in its reporting, and avoids conflicts of interest. The author has a reputation for accuracy and rarely gets contradicted on major discrepancies in its reporting.

Bias

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Conflicts of Interest

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Contradictions

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Deceptions

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Recent Articles

Spirit AeroSystems Announces Layoffs of 400-450 Hourly Employees Due to Slower Boeing Delivery Rates and High Inventory Levels

Spirit AeroSystems Announces Layoffs of 400-450 Hourly Employees Due to Slower Boeing Delivery Rates and High Inventory Levels

Broke On: Thursday, 16 May 2024 Spirit AeroSystems, Boeing's largest supplier, announces layoffs of 400-450 hourly employees due to slower delivery rates of commercial aircraft. The reduction in workforce is attributed to high inventory levels and the need to align with customer needs. First-quarter deliveries decreased by 31% compared to the same period in 2023, and overall deliveries were down 11.3%. About 70% of Spirit AeroSystems' revenue comes from Boeing, and the company is currently in talks to be acquired by Boeing.