- Boeing direct employment doubled since 2011
- The UK is Boeing’s largest source of supply in Europe
- Boeing’s supply chain spending in the UK more than doubled since 2012
- Employment in Boeing’s supply chain companies up 38 per cent in 2 years
Boeing has released new research from Oxford Economics demonstrating that Boeing’s direct employment in the United Kingdom grew by 17 per cent between 2012 and 2014, while indirect Boeing supply chain employment in the UK grew by 38 per cent.
Direct employment at Boeing in the UK has since surpassed 2,000 – the company hired, on average, a new employee per day in 2015 – and this growth in employment continues in 2016, the company’s centenary year, and beyond. Spending with the UK supply chain in 2015 was £1.8 billion ($2.65 billion), up from £1.4 billion ($2.2 billion) in 2014 and more than twice the £744 million ($1 billion) in 2012.
The UK is Boeing’s largest source of supply in Europe, third globally after the US and Japan, with approximately half of Boeing’s European employees based in the UK. As an example of the significance of the Boeing-UK partnership, on a Boeing 787 Dreamliner fitted with Rolls-Royce engines, UK companies make 25 percent of the 787 by value.
Summary of research from Oxford Economics (2015)
|Channel of impact||2012||2014||Change (%)|
|Direct UK employment||1,300||1,516||+17|
|Employment stimulated by supply chain spending||9,200||12,700||+38|
|Employment stimulated by payment of wages to employees||5,800||9,500||+64|
|Core impacts (direct, indirect, and induced)||16,300||23,700||+45|
- New facilities opened in 2016 in Frimley, Surrey and Welwyn Garden City, Hertfordshire to support further Boeing’s customers in the UK, Europe and beyond.
- Boeing community programmes engaged more than 5,000 young people through education, training and scholarships in 2014.
- Boeing directly employed 1,516 people in the UK in 2014, 17 percent more than in 2012, the last time this research was carried out by Oxford Economics, and more than it did in any other European country. The direct employment figure in the UK is now more than 2,000, twice the employment figure from 2011, at 2,030, with a further 203 open positions.
- A wide range of UK businesses also benefited from Boeing’s supply chain purchases of inputs of goods and services in 2014. That includes more than 250 UK suppliers of parts, engines, and engineering services, as well as countless other businesses in those firms’ supply chains. Boeing spent £1.4 billion (US $2.2 billion) with UK suppliers in 2014 and the resulting economic activity — including exports — is estimated by Oxford Economics to have supported 12,700 jobs in the UK. In 2015 Boeing spent £1.8 billion (US $2.65 billion) with the UK supply chain.
- Oxford Economics also estimates that Boeing’s wage payments to staff supported a further 9,500 jobs in the UK in 2014. This economic activity occurred as the firm’s UK and other European employees bought consumer goods and services from UK companies.