Another troubling sign for Boeing: job openings are down 23% in typically busy season

2 months ago by James Mattone in Facts, Trends

Boeing ($NYSE:BA) just pulled its 2019 financial guidance due to uncertainty surrounding the 737 MAX aircraft, which were the focal point of the Lion Air and Ethiopian Airlines accidents. The 737 MAX is still grounded by major airlines and companies.

While the aircraft company is still figuring out this mess, including how the Federal Aviation Administration approved these jets in the first place, hiring at the company is on the decline.

Usually, companies have periods of time when job openings rise and fall, often related to contract grants or other seasonal factors. Up until this past month, Boeing hasn't experienced any declines in job openings. And around this time last year, it was on a marked hiring spree.

Over the past month, however, job openings at the company have declined 23.68%. That's a telling trend for a company already facing fiscal challenges, including the $1 billion it says the 737 MAX issues will cost the company at least.

At present, Boeing is looking for engineers of all sorts. This is typical of a company that manufactures arguably the most complex mass transportation vehicle type.

Title

Number of Openings (Apr. 23)

Software Engineer

24

Systems Engineer

10

Industrial Engineer

9

Manufacturing Engineer

8

Manufacturing Planner

7

Software Engineer 3

7

Industrial Security Specialist

6

Senior Software Engineer

6

Office Administrator

5

Project Manager

5

Staff Analyst

5

However, the number of job openings for engineers falls right in line with the overall trend.

As it works through its issues surrounding the 737 MAX jets — it has already completely upwards of 135 test flights with new software — and states uncertainty as to when these jets will be back in the air, it appears that it has also grounded its hiring efforts around the world.

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James Mattone

James is the Associate Editor at Thinknum Media, mainly covering video games, food, and tech news, but not afraid to head into Sephora or beauty brands if need be...

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