financetom
Business
financetom
/
Business
/
Spirit AeroSystems' Deal With Boeing, Airbus Casts Doubt on Scotland, Ireland Jobs, Union Says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Spirit AeroSystems' Deal With Boeing, Airbus Casts Doubt on Scotland, Ireland Jobs, Union Says
Jul 1, 2024 2:00 PM

04:39 PM EDT, 07/01/2024 (MT Newswires) -- Spirit AeroSystems Holdings' ( SPR ) transaction with Boeing ( BA ) and Airbus causes uncertainty at production plants in Scotland and Ireland, affecting a total of about 3,500 jobs, labor union Unite said Monday.

The transaction will split the fuselage and wings part supplier, with Boeing ( BA ) taking Spirit's commercial operations and Airbus acquiring production assets related to its A350 and A220 jets.

Nearly 2,500 jobs in Northern Ireland linked to non-Airbus production and the facility in Prestwick, Scotland, with about 1,000 workers "have been left in this position of uncertainty," Unite regional officer George Brash said in a statement.

"Unite is demanding assurances for the future of all jobs," the union said.

Boeing ( BA ) deferred MT Newswires to Spirit and Airbus for comment.

"We are committed to working through this process in a way that limits disruption for our employees," a Spirit spokesperson said in an email to MT Newswires. "We are confident reuniting Boeing ( BA ) and Spirit, we will have greater integration and the ability to work together in a quicker, more efficient and streamlined manner. We can't speak on behalf of Boeing ( BA ) regarding their specific plans for post-transaction closing."

Airbus did not immediately respond to MT Newswires' request for comment.

Price: 34.00, Change: +0.03, Percent Change: +0.09

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
NRG Energy Prices $1.88 Billion Debt Offering
NRG Energy Prices $1.88 Billion Debt Offering
Oct 17, 2024
03:58 AM EDT, 10/17/2024 (MT Newswires) -- NRG Energy ( NRG ) said late Wednesday it has priced an offering of about $1.88 billion of senior notes. The offering consists of $925 million of 6% senior notes due 2033 and $950 million of 6.25% senior notes due 2034. The offering, which is set to close on Oct. 30, was increased...
Ladbrokes owner Entain sees annual core profit at top end of forecast
Ladbrokes owner Entain sees annual core profit at top end of forecast
Oct 17, 2024
* Company sees profit at high end of 1-1.1 billion pound forecast * Shares up nearly 4% after 15% slide on Monday * Group drops plans for sale of Crystalbet (Adds context about U.S. market in paragraph 3, share move in paragraph 6) Oct 17 (Reuters) - British gambling group Entain ( GMVHF ) said on Thursday it now expects...
Synovus Financial Q3 Adjusted Earnings, Revenue Rise
Synovus Financial Q3 Adjusted Earnings, Revenue Rise
Oct 17, 2024
03:38 AM EDT, 10/17/2024 (MT Newswires) -- Synovus Financial ( SNV ) reported late Wednesday Q3 adjusted earnings of $1.23 per diluted share, up from $0.84 a year earlier. Analysts polled by Capital IQ expected $1.09. Revenue for the quarter ended Sept. 30, expressed as the sum of net interest income and non-interest revenue, was $564.7 million, up from $550.3...
Capricor Therapeutics Starts Public Stock Offering
Capricor Therapeutics Starts Public Stock Offering
Oct 17, 2024
03:42 AM EDT, 10/17/2024 (MT Newswires) -- Capricor Therapeutics ( CAPR ) said late Wednesday it initiated an underwritten public offering of common stock, subject to market and other conditions. The company plans to grant the underwriters a 30-day option to purchase up to 15% additional number of common shares. Net proceeds will be used for product development, manufacturing, working...
Copyright 2023-2026 - www.financetom.com All Rights Reserved