Boeing's largest supplier is laying off a significant number of its employees because of the 737 Max production suspension.
Spirit AeroSystems , which makes fuselages for the Max as well as other items for Boeing, announced Friday that it is furloughing approximately 2,800 workers. Shares of the Wichita, Kansas-based company fell more than 1% in trading.
But it continued to buy a full supply of parts and fuselages from Spirit, which has said that said Boeing now has more than 100 of its fuselages awaiting assembly. As a result, Spirit's shutdown is likely to last longer than Boeing's. Spirit will not be the only supplier to be affected by the jet maker's production halt. Others could announce layoffs or may have done so already without any public statement.
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