What is the news about?
Some 1,500 of the company’s 5,800 financial roles would be eliminated, according to The Times, and up to 400 additional positions in human resources could also be eliminated. This represents nearly 15% of the department’s overall employment. In order to streamline its corporate structure and devote more resources to manufacturing and product development, Boeing stated last year that it planned to eliminate approximately 150 financial positions in the United States. Boeing announced workforce reductions in 2023 that it expects will result in the loss of about 2,000 employees in the finance and human resources divisions of the aerospace giant. According to a statement from Boeing, “We foresee around 2,000 reductions, with the majority occurring in Finance and HR through a combination of attrition and layoffs.” Even though no one has been informed of a job loss, we will keep providing transparent information so that people can make plans. The business, which just moved its headquarters to Virginia, stated that it anticipates the size of its whole employees to “substantially rise” this year. With a focus on engineering and manufacturing, the statement read, “We increased Boeing’s staff by 15,000 last year and aim to hire another 10,000 personnel this year.” There were 156,000 people working for Boeing in total as of december of 2022. The Seattle Times reports that one of the largest private employers in Washington State, Boeing, plans to contract out about a third of the jobs that will be eliminated to Tata Consultancy Services in Bengaluru, India. As according Mike Friedman, a general director of communications, who talked with the Times, the company will eliminate the other positions as it makes savings in financial and human resource support services. Our company’s operations have changed dramatically over time in some areas. Yet bureaucracy or disjointed, ineffective systems frequently accompany such expansion, according to Friedman. We’re streamlining, then.
Is the aviation industry stable?
A job in aviation would be advantageous for India in the future because it provides both excellent professional possibilities and great room for advancement. Aerospace engineering is the most amazing career for those who are interested in researching, creating, testing, and manufacturing aeroplanes inside the Earth’s atmosphere.
What number of individuals work in the aviation sector?
11.3 million People directly work in the aviation sector.
In India, is aviation expanding?
Throughout the next ten years, India, which is currently the world’s seventh-largest civil aviation industry, is anticipated to overtake the United States as the third-largest civil aviation market.
Future Prospects for the Aviation Sector: The most recent predictions indicate that demand will increase by 4.3% annually on average over the next 10 years. The aviation sector will have a bright future and grow over the coming years, according to the predictions indicated above and the most recent news.
Conclusion
Even though the aviation sector is growing, some businesses are forced to lay off workers in order to save money, which may be the result of over hiring during and following good economic times.
To become an aircraft maintenance engineer you may could join AME engineering through AME COMMON ENTRANCE EXAM (AME CEE) this examination you may join AME engineering approved by DGCA, EASA or UGC.
