Boeing Reduces Workforce in India Amid Global Cuts and Secures New Fighter Jet Contract
Boeing has dismissed 180 employees in India as part of a global workforce reduction involving a 10% cut. The company reassures that customer service standards will be maintained. President Trump awarded Boeing a contract for the new F-47 fighter jet, resulting in a rise in its stock value.
Boeing has laid off approximately 180 employees from its engineering technology center in Bengaluru as part of a wider global workforce reduction strategy. The company currently employs around 7,000 personnel in India. Although these layoffs were initiated, no official comment has been issued by Boeing regarding this matter.
The layoffs come amid various challenges that Boeing faces globally, with the company announcing a reduction of about 10% in its workforce last year. A source specified that the strategic adjustments have been limited in scope, ensuring that customer service and government operations remain unaffected.
Despite the elimination of some positions, Boeing has emphasized that new roles have been created, and reductions in India have been carefully measured with a commitment to upholding high standards in customer service, safety, and quality.
In a positive turn for the company, U.S. President Donald Trump recently awarded Boeing a contract to build the U.S. Air Force’s latest advanced fighter jet, which is intended to augment combat capabilities alongside drones. The new aircraft, designated the F-47, will succeed Lockheed Martin’s F-22 Raptor.
President Trump mentioned that the contract size cannot be disclosed but confirmed significant orders had been placed. Following the announcement, Boeing shares surged by 5%, while Lockheed Martin’s shares experienced a decline of nearly 7%. Trump also indicated that there is international interest from allies who are eager to purchase the new fighter jet.
In summary, Boeing’s decision to lay off 180 employees in India reflects a broader global workforce reduction initiative. The company is undertaking this measure while ensuring the continuity of customer service and quality standards. Simultaneously, securing the contract for the F-47 fighter jet presents a significant opportunity for Boeing, potentially reversing some of its current struggles within the aerospace market.
Original Source: www.livemint.com
Post Comment