Boeing's key supplier Spirit AeroSystems is limiting overtime and hiring as production declines due to lower output of 737 MAX jets, Spirit told Reuters on...
Investors are watching for the giant banks to demonstrate how they benefit if interest rates remain higher than expected this yearBy Allison Lampert
Beard said employees are expected to raise concerns about potential layoffs at an internal union gathering on Saturday, adding the company cut overtime last week. While Spirit has not announced layoffs, some employees are nervous and are catching up on work they were behind on due to slower assembly demands.Spirit has a requirements contract with Boeing for the 737 MAX program and the U.S. planemaker can reduce the purchase volume at any time, according to a filing.
"The big unknown is how long the supplier rate will stay at 38 if Boeing is not able to fix their issues on the production line and increase the actual delivery rate," he said. She also shared a shot of the outdoor ceremony, where a bride and groom could be seen exchanging vows in front of a lake with mountains in the backgroundTwo of Brampton's highest paid employees don't even work there
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