Business

Boeing supplier Spirit AeroSystems to lay off about 400 employees, memo says

Editor May 17, 2024 1 minute read

(Reuters) -Spirit AeroSystems is laying off several hundred members of its workforce in Wichita, Kan., according to an internal memo, as the company deals with high debt and slowed production at Boeing, its key customer.

\”The recent slowdown in the delivery rate on commercial programs compels a reduction to our workforce in Wichita,\” spokesman Joe Buccino said. \”In the coming weeks, we will inform affected employees. We are committed to implementing this transition in as compassionate a manner as possible.\”

The memo, first reported by Wichita-based KSN, said about 400 employees would be affected. Buccino did not confirm that figure to Reuters. Spirit had already started to limit overtime and hiring as production declines due to lower output of 737 MAX jets following a January mid-air blowout on a Boeing plane.

(Reporting By Allison Lampert in Montreal, Editing by Franklin Paul and Chizu Nomiyama)