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Spirit Agrees To Pay Technical Employees During Stoppage Following Tornado

Spirit AeroSystems Holdings Inc. (SPR) has agreed to pay its employees represented by its professional technical union after a tornado Saturday that caused significant to severe damage at its Wichita, Kan. campus. The Society of Professional Engineering Employees in Aerospace, IFPTE Local 2001, which represents many of the company's engineers and technical workers in Kansas, said in a message to its employees Spirit had retroactively agreed to pay standard wages "regardless of time worked" for the two weeks following the work stoppage, which began late Saturday. Spirit, which shut down operations Sunday, Monday and Tuesday, has instructed employees to remain on-call and to report if contacted by the company as the company restores its capabilities. Nearby Boeing Co.'s (BA) Wichita plant was also damaged during the storms and its SPEEA-represented employees at the company's Defense and Space facility will also be paid for missed time under its contract, the union said. Spirit is the largest single airplane structure supplier to Boeing, providing the airplane maker with significant portions of all of its commercial jetliners. Boeing is expected to complete an assessment of Spirit's damage and shutdown on its own production operations as the supplier aims to resume customer shipments by week's end. -By Jonathan Ostrower, Dow Jones Newswires, jonathan.ostrower@dowjones.com

Stock News for Spirit Aerosystems Holdings (SPR)
DateTimeHeadline
08/20/201518:00:00Boeing, Supplier Wrestle to Produce Key Component
08/14/201517:06:32Amended Statement of Ownership (sc 13g/a)
08/10/201516:57:25Confidential Treatment Order (ct Order)
08/05/201516:35:47Statement of Changes in Beneficial Ownership (4)
08/05/201516:34:25Statement of Changes in Beneficial Ownership (4)
08/05/201516:33:57Statement of Changes in Beneficial Ownership (4)
07/31/201516:55:26Quarterly Report (10-q)
07/29/201507:48:22Current Report Filing (8-k)
07/29/201507:30:00Spirit AeroSystems Holdings, Inc. Reports Second Quarter 2015...
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07/22/201509:18:00Pre-Market Review on Aerospace/Defense Products and Services...
07/17/201517:35:00Spirit AeroSystems to Release Second Quarter 2015 Financial Results...
07/17/201517:35:00Spirit AeroSystems to Release Second Quarter 2015 Financial Results...
07/09/201516:51:00Spirit AeroSystems Global Customer Support and Services Receives...
07/09/201516:51:00Spirit AeroSystems Global Customer Support and Services Receives...
06/19/201511:00:00Spirit Delivers Third SDTA Fuselage to Sikorsky for Production...
06/19/201511:00:00Spirit Delivers Third SDTA Fuselage to Sikorsky for Production...
06/17/201501:01:00Spirit AeroSystems celebrates its first 10 years as a company

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