Promised Production Halt of Boeing 737 Max 8 Begins; Follow-On Effects Already Under Way

c0lo writes:

Boeing's promised 737 Max production halt begins:

The airline manufacturer had announced last month it would stop making the troubled craft at least until it was no longer grounded, but hadn't set a date. However the line has officially stopped producing planes while Boeing officials wait for regulators to give it the OK to fly again.

[...] The latest update estimated the grounding would last through at least mid-2020, Boeing said in a statement Tuesday.

Boeing will reassign 3,000 workers after 737 MAX production halt

Boeing Co said it will reassign 3,000 workers to other jobs as it halts production of the grounded best-selling 737 MAX jet in mid-January.

The announcement came after American Airlines Group Inc and Mexico's Aeromexico disclosed they were the latest carriers to reach settlements with Boeing over losses resulting from the grounding of the 737 MAX aircraft.

Neither airline disclosed the compensation. A number of airlines have struck confidential settlements with Boeing in recent weeks. Boeing said it does not comment on discussions with airlines.

Boeing's biggest supplier lays off 2,800 workers because of 737 Max production suspension:

Spirit AeroSystems (SPR), which makes fuselages for the Max as well as other items for Boeing, announced Friday that it is furloughing approximately 2,800 workers. Shares of the Wichita, Kansas-based company fell more than 1% in trading.
"The difficult decision announced today is a necessary step given the uncertainty related to both the timing for resuming 737 Max production and the overall production levels that can be expected following the production suspension," Spirit AeroSystems CEO Tom Gentile said in a press release.

Boeing wants to resume 737 Max production months before regulators sign off on the planes:

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