Boeing hands pink slips to 180 employees in India as part of global workforce reduction

US aircraft manufacturer Boeing has laid off up to 180 employees from its engineering technology center in Bengaluru as part of a broader global workforce reduction, a source revealed. In India, Boeing employs approximately 7,000 people in India

Boeing is currently facing various challenges worldwide and stated that it would reduce its global workforce by about 10% last year.

However, there was no official statement from Boeing.

The source said strategic adjustments were made affecting limited positions while ensuring no adverse impact on customers or government operations.

While some roles have been removed, new positions have also been created, the source said and added that reductions in India have been more measured, with a clear focus on maintaining customer service, safety, and quality standards.

Trump awards Boeing contract to build Air Force fighter jets

Meanwhile, US President Donald Trump awarded Boeing on Friday the contract to build the U.S. Air Force’s most sophisticated fighter jet yet, handing the company a much-needed win and boosting its shares.

The Next Generation Air Dominance program will replace Lockheed Martin’s F-22 Raptor with a crewed aircraft built to enter combat alongside drones.

Trump, the 47th president, announced the new jet’s name, the F-47.

“We’ve given an order for a lot. We can’t tell you the price,” Trump told reporters in the Oval Office.

Boeing shares rose 5% after the U.S. company beat out Lockheed Martin for the deal. Lockheed’s shares fell nearly 7%.

“Our allies are calling constantly,” Trump added, saying foreign sales could be an option. “They want to buy them also.”

For Boeing, the win marks a reversal of fortune for a company that has struggled on both the commercial and defense sides of its business. It is a major boost for its St. Louis, Missouri, fighter jet production business.

(With inputs from agencies)

  • Aniket Pujari

    Aniket Pujari

    Aniket Pujari, a graduate in Financial Markets, is the founder of Minute To Know News, a digital platform providing daily news updates on cryptocurrencies, finance, and economics. With a passion for finance and technology, Aniket has been exploring the world of cryptocurrencies since 2015, building a deep understanding of these rapidly evolving industries.

    Related Posts

    Samsung Electronics CEO Han Jong-Hee dies at 63

    Samsung Electronics co-CEO Han Jong-Hee has died at 63. Livemint Published25 Mar 2025, 06:22 AM IST Mint Image Samsung Electronics co-CEO Han Jong-Hee has passed away at the age of…

    Manipal shortlists banks for $1 billion IPO, to file by June

    The healthcare chain has shortlisted Kotak Mahindra Capital Co., JP Morgan, Axis Capital, Jefferies and Goldman Sachs to manage the IPO, the people said, adding formal mandates have not been…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Buy or sell: Vaishali Parekh recommends three stocks to buy today — 25 March 2025

    Indian stock market: 10 things that changed for market overnight – Gift Nifty, Trump Tariffs to SEBI board meet outcome

    How Japan’s largest AI unicorn is shaping the future of deep learning

    Big Tech, Mag 7 fueling market rally, not tariff hopes: Morgan Stanley

    Big Tech, Mag 7 fueling market rally, not tariff hopes: Morgan Stanley

    Samsung Electronics says co-CEO Han Jong-hee has passed away

    Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 25 March 2025