WICHITA, Kan., Aug. 29, 2013 /PRNewswire/ -- Spirit AeroSystems,
Inc. (NYSE: SPR) today announced additional workforce reductions in
Wichita, Kan., to begin next
month. The actions are the result of an ongoing workforce
assessment designed to balance the workforce, reduce overhead
costs, increase efficiency and drive improved performance.
Reductions will be accomplished through a voluntary retirement
program, a voluntary layoff program, and following the voluntary
exercise, a layoff of management and salaried employees.
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Today's announcement represents continued strategic moves by the
company to become more competitive in a cost-sensitive environment.
Final numbers of employees impacted have not yet been determined.
Details will be shared directly with eligible and included
employees in the coming weeks. The company will offer a lump sum
severance payment and career transition services to employees who
are laid off, and a lump sum severance payment and healthcare
bridging option to employees who are eligible for the voluntary
retirement program.
Spirit remains a strong company with a robust backlog of
approximately $38 billion.
On the web: www.spiritaero.com
On Twitter: @SpiritAero
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.
SOURCE Spirit AeroSystems, Inc.