Boeing to cut about 2,000 white-collar jobs in finance and HR

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

WASHINGTON - Boeing expects to cut about 2,000 white-collar jobs in 2023 in finance and human resources (HR) through a combination of attrition and layoffs, the United States planemaker confirmed on Monday.

In January, 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 on Monday that 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 per cent to US$206.81 and were up 0.5 per cent in after hours trading.

Boeing said on Monday it will “continue to simplify our corporate structure”.

In January, 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.

In 2022, Boeing said it planned to cut about 150 finance jobs in the US to simplify its corporate structure and focus more resources into manufacturing and product development. REUTERS

Join ST's Telegram channel and get the latest breaking news delivered to you.