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.
Earlier this year, we reported on the DEI troubles at Boeing, which an insider described in this way: “DEI is the drop you ...
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 ...
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More than 32,000 Boeing machinists walked off the job on Sept. 13 after turning down an earlier tentative agreement.
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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 ...
About 33,000 workers at the aerospace manufacturer had been on strike for nearly two months, having rejected two earlier ...
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 ...
CEO Kelly Ortberg issued a message to staff who were furloughed during the machinists’ strike Thursday saying the company ...
Boeing is also continuing with plans to cut about 17,000 jobs. Meanwhile, the strike exacerbated inventory and storage ...
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