Spirit AeroSystems shares sink following layoff announcement

//Spirit AeroSystems shares sink following layoff announcement

Spirit AeroSystems shares sink following layoff announcement

Shares of Wichita’s largest publicly traded company fell on Friday after an announced plan to lay off more than 20 percent of its local workforce.  Spirit AeroSystems Inc. saw its stock price drop 4.26 percent to a 52-week low of $69.69 late Friday afternoon after revealing earlier in the day that it would lay off 2,800 workers in Wichita because of the production freeze on the Boeing Co. 737 MAX.  Shares closed at $69.70 to shave more than $312.5 million off the company's market value. Spirit…

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By | 2020-01-10T21:32:29+00:00 January 10th, 2020|Budget and Tax|

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