is looking to cut around 2,000 jobs in its finance and human resources departments with around a third being outsourced to India’s
Tata Consulting Services,
according to a report in the Seattle Times which it says
Stock in the manufacturer (ticker: BA) rose 0.66% in the Tuesday premarket. The cuts, said to come through a mix of attrition and layoffs, arrive just weeks after it had flagged some support jobs would go alongside hiring more workers and ramping up plane production.
which has its headquarters in Arlington, Virginia, was reported as saying Monday: “We expect about 2,000 reductions this year, primarily in Finance and HR through a combination of attrition and layoffs.” The company has been contacted by Barron’s for comment.
In January, Boeing announced it would hire 10,000 workers in 2023 after hiring 15,000 people in 2022.
Earlier this month analyst Ken Herbert at RBC downgraded Boeing to Hold from Buy. It is the latest manufacturer looking at cutting costs.
(MMM) announced 2,500 layoffs and chemical giant
(DOW) plans to cut its costs by $1 billion, which includes 2,000 layoffs.
Write to Rupert Steiner at email@example.com