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 shares decline as the company begins layoffs amid a major restructuring plan, while projecting strong growth in air ...
Boeing workers who were furloughed will be getting their paychecks back, announced CEO Kelly Ortberg Thursday.
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 ...
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.
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 ...
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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 ...
Furloughs affect employees on Boeing's 767 and 777 programs Spirit Aero warns of further layoffs if strike continues past November The furloughs, first reported by Reuters, will affect Spirit ...
"We would not be surprised to see another such arrangement be announced," a prominent Wall Street aerospace sector analyst ...
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