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

File Photo

Boeing expects to cut about 2,000 white-collar jobs this year in finance and human resources through a combination of attrition and layoffs, the US planemaker 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.

The company's shares closed up 0.4 per cent to $206.81 and were up 0.5 per cent 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, it 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.

More from Business News

On Virgin Radio today

  • Ryan Seacrest

    11:00am - 2:00pm

    Playing 10 hits in a row every hour, all weekend!

  • Nala

    2:00pm - 5:00pm

    Playing 10 hits in a row every hour, all weekend!

Trending on Virgin Radio

  • Pick the Hits

    We have money can't buy passes to premiere of Bad Boys: Ride Or Die and see Will Smith and Martin Lawrence in person at the event! Just Pick The Hits!

  • The Kris Fade Show Podcast

    Not in the car so much while Kris, Priti and Rossi are on air? Check out the daily podcast here...

  • ARN News Centre

    Get the latest UAE and world news from our award winning team of journalists. The ARN News Centre is the country's most trusted source of information.

  • Untold Dubai

    It arrived: The UAE's First Mega Music Festival at Expo City Dubai!