Spirit AeroSystems is considering further layoffs or furloughs of hundreds of employees if the Boeing machinists' strike extends beyond November 25th. The machinists voted 64% against a new labor contract this week, continuing a work stoppage that halted production of most Boeing aircraft. Spirit manufactures fuselages for the Boeing 737 Max, had already planned to furlough around 700 employees in Wichita, Kansas, beginning next week. The prolonged strike has strained the aerospace supply chain, impacting Boeing and Airbus suppliers.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Spirit Aerosystems is considering further layoffs or furloughs of hundreds of employees
00:07if the Boeing Machinist strike extends beyond November 25th.
00:10The Machinists voted 64% against a new labor contract this week,
00:15continuing a work stoppage that halted production of most Boeing aircrafts.
00:19Spirit, which manufactures fuselages for Boeing 737 MAX,
00:23had already planned to furlough around 700 employees in Wichita, Kansas beginning next week.
00:29The prolonged strike has strained the aerospace supply chain,
00:32impacting Boeing and Airbus suppliers.
00:34For all things money, visit Benzinga.com slash GSTV.