With the aim of hiring employees for roles in engineering, manufacturing, and product development, plane maker Boeing said that it will cut 150 finance jobs in the U.S., with more to come next year, to simplify its corporate structure.
The company informed the nonunion corporate staff in an all-hands virtual meeting this month that it will transfer finance and accounting jobs to major IT and financial services company Tata Consultancy Services of India, according to the Seattle Times
“Several of our corporate functions, including Information Technology and Finance, have implemented changes to streamline their operations, resulting in lower staffing levels in those areas,” Boeing said.
Boeing now has about 3,500 direct employees in India.
The Boeing India Engineering & Technology Center in Bangalore and Chennai undertakes complex advanced aerospace engineering work. Boeing has invested more than $200 million in the Bangalore campus, its largest investment outside the United States.
Another 7,000 people in India are employed at Boeing’s suppliers, including the multinational conglomerate Tata Group, headquartered in Mumbai.
Boeing named Tata Aerospace & Defense, India’s largest private aerospace manufacturer, a “2022 Supplier of the Year.” The company makes aircraft landing gear doors, vertical fins, floor beams, underwing and overwing panels, fuselages, secondary structures, and tail cones. A joint venture with Tata Group also produces AH-64 Apache helicopter fuselages in Hyderabad for military customers around the globe.
