Boeing Fires 180 Workers in Bengaluru

As part of a global staff reduction initiative, American aircraft manufacturer Boeing sacked over 180 workers at its engineering technology centre in Bengaluru, Karnataka, according to a media agency. India is a significant market for Boeing, where the corporation employs about 7,000 people. Up to 180 employees at the Boeing India Engineering Technology Centre in Bengaluru were let go in the December quarter of 2024. Boeing did not issue a formal statement till now.

No Negative Effect on Activities

According to the agency's assessment, strategic changes were made that affected a small number of personnel without having a negative effect on government operations or customers. According to the report, some jobs were eliminated and some new ones were added. Reductions in India were more measured and clearly focused on upholding safety, quality, and customer service requirements. Complex, cutting-edge aerospace work is done at the Boeing India Engineering & Technology Centre (BIETC) in Bengaluru and Chennai. One of the company's biggest investments outside of the United States is its engineering and technology campus in Bengaluru, which it owns entirely. According to its website, Boeing sources over $1.25 billion a year from a network of over 300 suppliers in India.

According to the company's website, Boeing still sources about $1.25 billion a year from a network of more than 300 suppliers in India, making it a significant market. Complex and cutting-edge aircraft engineering work is handled by BIETC's Bengaluru and Chennai locations. One of Boeing's biggest investments outside of the US is its engineering and technology campus in Bengaluru, which it owns entirely.

India’s Civil Aviation Sector

The International Air Transport Association (IATA) predicts that by 2030, India will surpass China and the United States as the world's third-largest air passenger market. Additionally, according to the India Brand Equity Foundation (IBEF), a division of the Department of Commerce, Ministry of Commerce and Industry, the number of aircraft operating in the sector has increased due to the growing demand in the industry. By 2027, it is anticipated that there will be 1,100 aircraft. There were 196.91 million passengers (including domestic and international) in FY25 (till September 2024). In FY25 (as of June 2024), Indian airports reported 81 million domestic passengers, a 5.6% YoY increase, and 18.54 million overseas passengers, a 14.2% YoY increase, compared to the same period the previous year.

In FY24, Indian airports reported that domestic passenger traffic was 306.79 million, up 13.5% year-over-year, while foreign passenger traffic was 69.64 million, up 22.3% year-over-year. Comparing April-September 2024 to the same period the year before, domestic passenger traffic increased by 7.4% to 160 million, while foreign passenger traffic increased by 11.2% to 36.96 million. ICRA stated on December 19, 2023, that revenue growth for the Indian aviation sector is expected to be 15-20% in FY24 and 10-15% in FY25.