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Airbus cuts 1,100 jobs in France, Germany

Unions accuse Airbus of following 'financial logic' in cutting jobs at a time when its order book is worth nearly $1.05 trillion

AFP/PTI  |  Paris 

Airbus's company logo is pictured at the Airbus headquarters in Toulouse
Airbus's company logo is pictured at the Airbus headquarters in Toulouse

announced today it was cutting more than 1,100 in and closing one of its sites in the Paris region as part of an ongoing restructuring programme.

A total of 640 will be lost in France, mostly affecting operations in Suresnes, near Paris, where a research facility will close.



Another 429 will go at German sites including in Hamburg, Bremen, Ulm and Ottobrunn, near Munich.

"Group envisages a progressive reduction of its current workforce of around 136,000 by a maximum of 1,164 positions," it said in a statement.

Unions accuse of following "financial logic" in cutting at a time when its order book is worth nearly 1.0 trillion euros ($1.05 trillion), equivalent to eight to 10 years of production.

Airbus, however, is running into headwinds, prompting the search for cost-cutting opportunities.

Its helicopter division has suffered from a weak market, the company has had to set aside nearly two billion euros of provisions to cover the cost of its military A400M model, and its A380 flagship has been slow to take off commercially.

Its restructuring project, called Gemini, aims to merge the company's commercial aircraft division into a new entity, Group, by the summer of 2017.

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Airbus cuts 1,100 jobs in France, Germany

Unions accuse Airbus of following 'financial logic' in cutting jobs at a time when its order book is worth nearly $1.05 trillion

Unions accuse Airbus of following 'financial logic' in cutting jobs at a time when its order book is worth nearly $1.05 trillion announced today it was cutting more than 1,100 in and closing one of its sites in the Paris region as part of an ongoing restructuring programme.

A total of 640 will be lost in France, mostly affecting operations in Suresnes, near Paris, where a research facility will close.

Another 429 will go at German sites including in Hamburg, Bremen, Ulm and Ottobrunn, near Munich.

"Group envisages a progressive reduction of its current workforce of around 136,000 by a maximum of 1,164 positions," it said in a statement.

Unions accuse of following "financial logic" in cutting at a time when its order book is worth nearly 1.0 trillion euros ($1.05 trillion), equivalent to eight to 10 years of production.

Airbus, however, is running into headwinds, prompting the search for cost-cutting opportunities.

Its helicopter division has suffered from a weak market, the company has had to set aside nearly two billion euros of provisions to cover the cost of its military A400M model, and its A380 flagship has been slow to take off commercially.

Its restructuring project, called Gemini, aims to merge the company's commercial aircraft division into a new entity, Group, by the summer of 2017.
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Business Standard
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Airbus cuts 1,100 jobs in France, Germany

Unions accuse Airbus of following 'financial logic' in cutting jobs at a time when its order book is worth nearly $1.05 trillion

announced today it was cutting more than 1,100 in and closing one of its sites in the Paris region as part of an ongoing restructuring programme.

A total of 640 will be lost in France, mostly affecting operations in Suresnes, near Paris, where a research facility will close.

Another 429 will go at German sites including in Hamburg, Bremen, Ulm and Ottobrunn, near Munich.

"Group envisages a progressive reduction of its current workforce of around 136,000 by a maximum of 1,164 positions," it said in a statement.

Unions accuse of following "financial logic" in cutting at a time when its order book is worth nearly 1.0 trillion euros ($1.05 trillion), equivalent to eight to 10 years of production.

Airbus, however, is running into headwinds, prompting the search for cost-cutting opportunities.

Its helicopter division has suffered from a weak market, the company has had to set aside nearly two billion euros of provisions to cover the cost of its military A400M model, and its A380 flagship has been slow to take off commercially.

Its restructuring project, called Gemini, aims to merge the company's commercial aircraft division into a new entity, Group, by the summer of 2017.

image
Business Standard
177 22

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