Sun, Aug 02, 2020
Further Workforce Adjustments Made to 'Align with Lower Market Demand'
Spirit AeroSystems announced that it will again reduce employment at its facility in Wichita, Kan., as a result of the most recent rate reduction on the 737 MAX and the ongoing global pandemic, which continue to impact the demand for new commercial aircraft and the airline industry as a whole.
"Our production rates for commercial aircraft have fallen from historic highs to significantly lower volumes in a matter of months," said Tom Gentile, President and CEO, Spirit AeroSystems. "We are taking this action to better calibrate our employment level to the reduced demand we see from our customers. This action, along with previous actions, is intended to reduce costs, increase liquidity and position Spirit to remain financially healthy while we move through a period of recovery in the commercial aviation market."
The 737 MAX production rate reduction is the third this year, lowering Spirit's production from 125 units to 72 units for 2020, a reduction of more than 80 percent from its 2019 production rates.
To support the alignment of workforce levels with the customer demand for aircraft, Spirit will reduce headcount on commercial programs by 1,100 employees. This announcement represents 450 new layoffs at the Wichita site when taking into account prior layoff notifications and employees transitioning to defense programs, moving to the temporary special project to build ventilators or electing to participate in the voluntary layoff opportunity.
"Although this extraordinary time has required us to make difficult decisions, we remain focused on fulfilling requirements to our customers, including the important work we provide for defense and space programs," Gentile said. "I continue to remain confident in the future of the aviation industry, and in our ability to navigate through these challenges to emerge a stronger company."
More News
Runway Centerline Lighting Flush centerline lights spaced at 50-foot intervals beginning 75 feet from the landing threshold and extending to within 75 feet of the opposite end of t>[...]
Aero Linx: Air Force Global Strike Command Air Force Global Strike Command, activated August 7, 2009, is a major command with headquarters at Barksdale Air Force Base, Louisiana, i>[...]
Also: Viasat-uAvionix, UL94 Fuel Investigation, AF Materiel Command, NTSB Safety Alert Norges Luftsportforbund chose Aura Aero's little 2-seater in electric trim for their next gli>[...]
Also: USCG Retires MH-65 Dolphins, Irish Aviation Authority, NATCA Warns FAA, Diamond DA42 AD This summer, history enthusiasts will have a unique opportunity to experience World Wa>[...]
Also: Moya Delivery Drone, USMC Drone Pilot, Inversion RAY Reentry Vehicle, RapidFlight UAVOS has recently achieved a significant milestone in public safety and emergency services >[...]