Spirit AeroSystems Board Endorses Salary Freezes

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Friday, April 24, 2009

Board of Directors at Spirit AeroSystems met earlier this week. In the meeting, the Board of Directors froze their own salaries for 2009 at their current levels. In addition, the board endorsed Spirit's leadership team's initiative to freeze executive and managerial salaries payroll at current levels.

The company will be talking to union partners about how to manage costs.

This affects about 1,800 employees. This is the time of year Spirit goes through annual salary reviews.

Spirit CEO Jeff Turner sent out a letter to employees. To read the letter, click on the PDF above.


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