Boeing Cancels Brazil Internship Program Amid Financial Turmoil

The candidates for the Boeing Brasil internship program, announced in August 2024, were informed that the process has been suspended. According to the company responsible for the selection, Companhia de Estágios, the decision is due to external factors and business challenges the company is facing.

The internship program, which offered 36 positions for engineering students, had doubled the number of slots compared to the first edition in 2024. Selected candidates would have undergone training, courses, and activities to improve their professional skills.

Boeing’s crisis in the U.S.

Boeing is facing a delicate situation in the United States, exacerbated by a strike of metalworkers in its main plants, which has led to significant losses. In a letter addressed to employees, the company’s CEO, Kelly Ortberg, highlighted the major challenges the company is facing and the necessary measures to restore its financial health.

Among the most relevant measures, Ortberg announced the intention to reduce the workforce by 10% and delay the 777X aircraft program. These decisions are part of a cost-reduction strategy that includes unpaid leave and cuts in executive travel. The company is expected to face $5 billion in charges in the third quarter of 2024, foreshadowing a catastrophic outcome for the year-end balance sheet.

According to our affiliated media outlet Aeroin, the suspension of the internship program in Brazil seems to be related to the austerity measures Boeing is implementing globally to address the crisis. Although the program was announced enthusiastically, the current financial challenges have forced the company to prioritize its resources and restructure its plans.

Interest in this program had been high: in 2024, Boeing received more than 2,700 applications for the 18 available positions, demonstrating the desire of students to join one of the largest engineering companies in the world.