- Boeing supplier Spirit AeroSystems halted work at a Wichita plant on Thursday after workers voted against a new labor deal and for a strike.
- Spirit makes fuselages for Boeing’s 737 Max and makes parts for other aerospace manufacturers including Airbus.
- Shares of both Boeing and Spirit AeroSystems were down after the news.
Boeing supplier Spirit AeroSystems halted work at a Wichita plant on Thursday after workers voted against a new labor deal and for a strike. Spirit makes fuselages for Boeing’s 737 Max and makes parts for other aerospace manufacturers including Airbus.
“In light of the decision to strike by Spirit AeroSystems employees represented by the International Association of Machinists and Aerospace Workers today, Spirit will suspend factory production prior to the expiration of the contract,” Spirit said.
The production halt began with the first shift on Thursday, two days before the workers’ contract is set to expire.
The union didn’t immediately comment.
Spirit shares were down about 8% in premarket trading, while Boeing’s were off close to 3%.
“We continue to monitor the situation and support our valued supplier,” Boeing said in a statement.
Source: Business - cnbc.com
