Commercial aircraft designer Spirit Aerosystems (NYSE:SPR) announced today that it is laying off around 360 workers (about 2.2% of total staff) at its Kansas and Oklahoma facilities. The decision comes as part of Spirit's strategic move to cuts costs in an increasingly competitive environment.
An ongoing workforce assessment at the company showed that a staff reduction could reduce overhead and increase efficiency. All affected employees are salaried, and Spirit will offer severance packages and career transition services.
In its final remarks, the company's press release notes that, "Spirit remains a strong company with a robust backlog of approximately $36 billion."
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