- Spirit AeroSystems' (NYSE:SPR) largest union filed suit against the company late on Friday claiming that the aerospace supplier had violated a 2010 collective bargaining deal that runs for 10 years.
- Union leaders state that the Spirit's new plans of outsourcing work and selling a Kansas-based unit will lead to 1,200 layoffs, with the outsourcing affecting an additional 200 workers.
- Spirit says that it has not violated the collective bargaining agreement, but would not comment further. "We certainly understand the obligations in our labor agreements, and believe we are in compliance," says a Spirit spokesman. "Spirit does not comment outside of the legal process regarding pending litigation."
at Zacks.com (Nov 18, 2014)