Spirit AeroSystems Announces Workforce Reductions in Kansas and Oklahoma
WICHITA, Kan., July 25, 2013 /PRNewswire/ -- Spirit AeroSystems, Inc. (NYSE: SPR) today announced that approximately 360 salaried support and management employees at its Kansas and Oklahoma facilities are receiving layoff notices. The company is offering affected employees severance benefits and career transition services.
Today's action is a strategic move to make the company more competitive in a cost-sensitive environment, and results from an ongoing workforce assessment designed to reduce overhead costs, increase efficiency and drive improved performance.
Spirit remains a strong company with a robust backlog of approximately $36 billion.
About Spirit AeroSystems, Inc.
Spirit AeroSystems, with headquarters in Wichita, Kan., USA, is one of the world's largest non-OEM designers and manufacturers of aerostructures for commercial aircraft. In addition to its Wichita and Chanute facilities in Kansas, Spirit has locations in Tulsa and McAlester, Okla.; Kinston, N.C.; Nashville, Tenn.; Prestwick, Scotland; Preston, England; Subang, Malaysia; and Saint-Nazaire, France. In the U.S., Spirit's products include fuselages, pylons, nacelles and wing components. Additionally, Spirit provides aftermarket customer support services, including spare parts, maintenance/repair/overhaul, and fleet support services in North America, Europe and Asia. Spirit Europe produces wing components for a host of customers, including Airbus.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements concerning future business operations. Forward-looking statements reflect our current expectations or forecasts of future events. We caution investors not to place undue reliance on any forward-looking statements. Actual results or circumstances may vary materially from those indicated or implied in this press release as a result of certain risks and uncertainties, including our ability to attain the anticipated cost reductions and efficiencies from the announced workforce reduction, as well as other risks and uncertainties, including but not limited to those detailed in Spirit AeroSystems Holdings, Inc. Securities and Exchange Commission filings.
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