India to be spared of Boeing job cuts

Aircraft manufacturing major Boeing, which has announced plans to cut 10,000 jobs worldwide this year in view of the global economic crisis, would not lay-off employees in India, a top company official has said.

Though the global economic recession has already hit several sectors, Boeing announced the job cut while declaring its annual financial results a few days ago, Boeing Senior Vice-President Dinesh Keskar said here.

He ruled out any job cuts for now in India, a key market for the Chicago-based company that makes passenger, freight and military planes.

Keskar, however, said Boeing has orders for supplying 3,700 aircraft, worth $275 billion, to various airline companies across the world. It will take at least five years for the company to fulfil the business commitment.

The aerospace giant has a workforce of 1.76 lakh worldwide in various segments, he said.

Keskar expressed happiness over the slight improvement in the Indian aviation sector which was suffering huge losses a few months ago.

To a question, he said the US planemaker has supplied Boeing Business Jets (BBJs) to the Indian Air Force for carrying VVIPs such as President and Prime Minister.