"Spirit AeroSystems Implements Hiring Freeze and Overtime Limits Amid Boeing 737 Production Decline"

Spirit AeroSystems, a key supplier for Boeing, is limiting overtime and hiring as production of Boeing's 737 MAX jets declines, leading to concerns about potential layoffs among employees. Boeing's deliveries have dropped, and the production slowdown is affecting Spirit, which makes about 70% of the 737. The decline in Boeing's output has raised uncertainty and concern among suppliers, and it is not yet clear how this will affect the broader supply chain.