Boeing, Airbus Chase Highly Proficient Indian Talent To Tap The Recovery Led Boom At Competitive Costs

  • Boeing Co BA and Airbus SE EADSF EADSY hunted for highly-skilled, low-cost engineers in India to meet a pandemic recovery-led boom in demand for aircraft and expand their manufacturing presence.
  • Airbus plans to hire 1,000 people in India in 2023 out of 13,000 globally. India has Boeing's second-biggest workforce worldwide, the U.S. jet manufacturer's India head Salil Gupte told Bloomberg News in an interview.
  • Boeing and Airbus are also establishing some production in India.
  • With about 1.5 million engineering students graduating annually, India is a rich source of talent.
  • Boeing can hire an engineer in Bengaluru, India's southern tech hub, for 7% of the cost of a similar role in Seattle, the report cited salary data compiler Glassdoor.
  • An Airbus representative told Bloomberg that hiring in the country was "not really" coming at the cost of jobs in other locations.
  • Boeing plans to hire 10,000 people globally this year after adding nearly 15,000 in 2022, focusing on engineering and manufacturing. 
  • Gupte defended India's hiring, saying expanding manufacturing and innovation capabilities in the country will attract more customers and drive up demand for Boeing's products, spurring employment.
  • The availability of workers in India at competitive global costs makes offshoring of certain production processes a genuine possibility, the report quoted Ravi Srivastava, director of the Center For Employment Studies at the Institute of Human Development in Delhi.
  • Danny Lauber, CEO of Israel Aerospace's India unit, said in an interview, "I have worked in many places around the world, but I haven't seen such a strong universe of resources."
  • Price Action: BA shares traded lower by 0.95% at $201.26 in premarket on the last check Friday.
  • Photo Via Wikimedia Commons
Posted In: NewsMediaBriefsEurasia