Boeing plans to cut about 150 finance jobs in the United States this year in the first round of lay-offs to simplify its corporate structure and focus more resources on manufacturing and product development. Boeing further added the company is tailoring the workforce as per the market needs. Boeing recruited over 10,000 employees in the engineering and manufacturing department early this year.
Going ahead, Boeing plans to outsource the finance and accounting jobs to Tata Consultancy Services of India, Boeing said in a virtual meeting.
“The finance team is planning for lower staffing levels as it simplifies processes, improves efficiency, and shares select work with an outside partner,” Boeing said in a statement.
“We are trying to strike a balance”, a Boeing spokesman said. “We’ve been frank with employees that we do expect lower staffing levels within finance. As soon as we know the details, we’ll share those.”
The finance team from TATA Group is already begun consulting with Boeing for the precise nature of work to be taken over. Post which Boeing is planning to issue lay-off notices to its employees. Before the exit, the employees will be asked to train the Tata personnel in Boeing procedures for a smooth transition.
The announcement has left many people in a lurch, wondering if their jobs will be among those cut.