Spirit AeroSystems furloughs 700 employees for 21 days due to financial pressures and losses.

Spirit AeroSystems plans a 21-day furlough for about 700 employees due to financial pressures, starting October 28. The company reported a third-quarter loss of $4.07 per share, despite increased revenues of $1.47 billion compared to 2023, driven by higher production and defense revenues. With a backlog of $48 billion, Spirit faces challenges from Boeing strikes and supply chain issues, prompting cost-saving measures and potential future layoffs.