Overview

• Boeing's strike, now in its sixth week, involves over 33,000 workers demanding better wages and benefits.
• Spirit AeroSystems, a key Boeing supplier, will furlough 700 employees working on the 767 and 777 jet programs starting October 28.
• Spirit has reached inventory limits for fuselages, prompting cost-cutting measures including a hiring freeze and travel restrictions.
• The strike has halted production at Boeing's main facilities, severely impacting Spirit's operations and finances.
• Further layoffs and furloughs at Spirit are anticipated if the strike continues beyond November, exacerbating financial pressures.