Spirit AeroSystems Holdings says it plans to shed its operations in Oklahoma and postpone filing its second-quarter earnings report.
Shares of the Kansas-based aircraft parts maker fell 8 percent following the announcement before regaining some of the loss.
Spirit says it has started a process to divest its Oklahoma operations, which includes sites in Tulsa and McAlester. That's part of a broader strategic and financial review it announced in May. The company has hired a financial adviser to help with the process.
The decision last week by Spirit AeroSystems to lay off 360 employees from its facilities in Kansas and Oklahoma is causing one lawmaker to question economic incentives the company receives from the state.
Representative Mike Reynolds says he is “disgusted” that the Oklahoma Quality Jobs Program would give millions of taxpayer dollars to Spirit for job creation at the same time the company is reducing its workforce.
A news release from Reynolds says the aircraft parts manufacturer received two payments through the program for more than 2-million dollars.
Spirit AeroSystems says it is laying off about 360 employees at its Kansas and Oklahoma facilities.
The Wichita-based aircraft parts maker announced the move Thursday, a day after union officials disclosed company preparations for the anticipated layoffs. The move affects salaried support staff and management employees.