EconomyForex

Boeing says it will cut about 2,000 white-collar jobs in finance and HR

1 Mins read

 – Boeing Co. expects to cut about 2,000 whitecollar jobs this year in finance and human resources through a combination of attrition and layoffs, the US airplane maker confirmed Monday.

Last month, the Arlington, Virginia-based company announced it would hire 10,000 workers in 2023 after hiring 15,000 people in 2022, but said some support positions would be cut.

The company confirmed a Seattle Times report Monday it expects “about 2,000 reductions this year primarily in finance and HR through a combination of attrition and layoffs.”

Boeing also confirmed it is outsourcing about one third of those jobs to Tata Consulting Services in India.

Boeing shares closed up 0.4% to $206.81 and were up 0.5% in after hours trading.

Boeing said Monday it will “continue to simplify our corporate structure.” Last month, Boeing said it will “lower staffing within some support functions” – a move meant to enable it to better align resources to support current products and technology development.

Last year, Boeing said it planned to cut about 150 finance jobs in the United States to simplify its corporate structure and focus more resources into manufacturing and product development. – Reuters

Related posts
EconomyForex

DTI mulls lower tariffs on US goods

4 Mins read
BW FILE PHOTO By Justine Irish D. Tabile, Reporter THE DEPARTMENT of Trade and Industry (DTI) said on Monday that it is…
EconomyForex

DTI mulls lower tariffs on US goods

4 Mins read
BW FILE PHOTO By Justine Irish D. Tabile, Reporter THE DEPARTMENT of Trade and Industry (DTI) said on Monday that it is…
EconomyForex

DTI mulls lower tariffs on US goods

4 Mins read
BW FILE PHOTO By Justine Irish D. Tabile, Reporter THE DEPARTMENT of Trade and Industry (DTI) said on Monday that it is…
Power your team with InHype
[mc4wp_form id="17"]

Add some text to explain benefits of subscripton on your services.

Leave a Reply

Your email address will not be published. Required fields are marked *