Plane maker Boeing 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.
As reported by Reuters news agency, 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.
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Furthermore, the firm has reportedly told employees that this month that it will begin outsourcing finance and accounting jobs to Tata Consultancy Services, based in India. The Seattle Times quotes Boeing as saying: “The Finance team is planning for lower staffing levels as it simplifies processes, improves efficiency and shares select work with an outside partner,” adding that they “will assess future impacts as the process continues in the coming years.”
An anonymous employee also told the News outlet: "It was kind of a shock the way they rolled it out.
"They had the all-hands enterprise meeting and then four days later everyone was moved into new organizations with new managers.”
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 U.S. 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.