Boeing expects to cut about 2,000 white-collar jobs this year in finance and human resources through a combination of attrition and layoffs, the US planemaker confirmed Monday.
Last month, the Arlington, Virginia-based company announced it would hire 10,000 workers in 2023 after hiring 15,000 people in 2022, but said some support positions would be cut.
The company confirmed a Seattle Times report Monday it expects "about 2,000 reductions this year primarily in finance and HR through a combination of attrition and layoffs".
Boeing also confirmed it is outsourcing about one-third of those jobs to Tata Consulting Services in India.
The company's shares closed up 0.4 per cent to $206.81 and were up 0.5 per cent in after hours trading.
Boeing said Monday it will "continue to simplify our corporate structure." Last month, Boeing said it will "lower staffing within some support functions" - a move meant to enable it to better align resources to support current products and technology development.
Last year, it said it planned to cut about 150 finance jobs in the United States to simplify its corporate structure and focus more resources into manufacturing and product development.
Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, has announced that the UAE will provide a US$10 million (AED 36.7 million) grant to support several key initiatives of the World Trade Organisation (WTO).
The European Commission is investing over €233 million in twelve new strategic projects across Europe under the LIFE programme to support the implementation of the EU's environmental and climate ambitions.
The UAE Government, represented by a private consortium led by ADQ, an Abu Dhabi-based sovereign investor, will invest US$35 billion (AED 128.56 billion) in Ras El-Hekma, a coastal region 350 kilometres northwest of Cairo.