Cyprus Mail
BusinessInternationalUSA

Boeing to slash nearly 150 finance jobs in US

boeing

Planemaker Boeing Co (BA.N) said on Tuesday it plans to cut about 150 finance jobs in the United States this year to simplify its corporate structure and focus more resources into manufacturing and product development.

The company will reduce staffing in its information technology and finance departments, Boeing said in an emailed statement to Reuters.

Boeing, which has dealt with engineering and production issues in the past, said it increased its workforce by about 10,000 employees earlier this year and ramped up hiring in its engineering and manufacturing departments to respond to the market demand.

In the aftermath of two 737 MAX crashes in 2018 and 2019, the Federal Aviation Administration (FAA) pledged to scrutinize Boeing more closely and delegate fewer responsibilities to the company for aircraft certification.

Last month, the US government approved the first Boeing 787 Dreamliner for delivery since 2021.

Boeing halted deliveries in May 2021 after the FAA raised concerns about its proposed inspection method. In September 2020, the FAA said it was investigating manufacturing flaws in some 787 jetliners.

Related Posts

EIT Digital Venture Programme open for tech ideas from Cyprus

Panis Pieri

Ripple (XRP) and Cardano (ADA) experience crucial times, while Orbeon Protocol (ORBN) brings a glimmer of hope

CM Guest Columnist

Paphos wants to attract higher-income guests, extend tourist season

Kyriacos Nicolaou

CySEC joins global event to promote financial literacy

Kyriacos Nicolaou

Cyprus Business Now

Kyriacos Nicolaou

BlackBerry signs up to $900 million patent deal after sale to Catapult collapses

Reuters News Service