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.
US-based investment bank Morgan Stanley has acquired regulatory approval to move its regional headquarters to Riyadh as the Kingdom increasingly attracts global companies.
The Environment Agency – Abu Dhabi, (EAD) has announced that Abu Dhabi will be the first in the Middle East and North Africa (MENA) region to implement the Enhanced Transparency Framework (ETF) on a subnational level, following last year’s national level launch by the Ministry of Climate Change and Environment (MOCCAE).
The COP29 Presidency announced on Saturday the end of the decade-long wait for the conclusion of negotiations on high integrity carbon markets under Article 6 of the Paris Agreement.
A US bribery indictment of Indian billionaire Gautam Adani is linked to one contract of Adani Green Energy that makes up some 10 per cent of its business, and no other firms in the conglomerate are accused of wrongdoing, the group's CFO said on Saturday.
The Emirates Red Crescent (ERC) has launched its winter aid campaign, aiming to support 250,000 people worldwide, especially in countries hosting refugees.