Spirit AeroSystems announced a furlough of around 700 workers as a strike by Boeing machinists extends into its sixth week. Over 32,000 Boeing workers have been on strike since rejecting a labor deal in mid-September, increasing financial pressure on Boeing and its CEO Kelly Ortberg. Spirit’s furloughs affect workers in the 777 and 767 programs, and the company is considering deeper cuts if the strike continues beyond November. Boeing has implemented cost-cutting measures and is delaying the debut of its 777X jet until 2026.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Spirit Aerosystems announced a furlough of around 700 workers as a strike by Boeing
00:07machinists extends into its sixth week. Over 32,000 Boeing workers have been on strike since
00:12rejecting a labor deal in mid-September, increasing financial pressure on Boeing
00:16and its CEO Kelly Ortberg. Spirit's furloughs affect workers in the 777 and 767 programs,
00:23and the company is considering deeper cuts if the strike continues beyond November.
00:27Boeing has implemented cost-cutting measures and is delaying the debut of its 777x jet until 2026.
00:34For all things money, visit Benzinga.com slash GSTV.