Sources: Spirit AeroSystems shifting some salaried employees to four-day weeks

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Spirit AeroSystems Inc. is trimming some of its salaried employees to four-day work weeks as part of a cost-cutting initiative amid the ongoing grounding of the Boeing Co. 737 MAX. 

Spirit (NYSE: SPR) will cut the work schedules of salaried employees from the level of vice president down as part of a budget-cutting measure expected to last the next 70 to 100 days, according to two sources who spoke on condition of anonymity.

The off days are said to be staggered so that managers will be available to oversee the responsibilities of their colleagues while they are off. 

Company spokesperson Fred Malley provided a statement when asked about the move by the WBJ. 

“As part of the company’s coordinated response to the temporary change in production rates for the Boeing 737 MAX, Spirit AeroSystems is considering additional actions to minimize disruptions to employees, suppliers and the company. While we have no formal announcements today, we expect to communicate with employees soon.”

The sources who spoke to the WBJ said some of the company’s leaders were being notified of the plan Thursday, with a broader announcement to the full workforce expected Friday. 

It wasn’t immediately known exactly how many of Spirit’s 12,500 local workers would be impacted by the plan. Hourly production workers are not expected to be affected, the sources said.

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