Airbus to axe 10,000 jobs under crisis plan
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European aircraft maker Airbus announced 10,000 job cuts and a timetable for slashing its factory network Wednesday, in a bid to solve the crisis caused by problems with its A380 superjumbo jet.
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Planemaker Airbus will announce on Wednesday plans to axe 10,000 jobs in four European countries, but will force contractors to share the pain of cuts which could provoke labor unrest, industry sources said.
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European aerospace group EADS admitted that its Airbus A380 superjumbo was set for further delays, and a newspaper report said huge cost cuts and a production switch out of the eurozone were being considered.
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European plane maker Airbus finally won approval to press ahead with a rescue plan on Monday, clearing the way for major job cuts and signalling an end to Franco-German tensions over the restructuring of the company.
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The European aerospace group EADS, parent of crisis-hit Airbus, could announce next week the disposal of four factories in France, matching cutbacks in Germany.
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The UK may have to renegotiate job cuts planned by planemaker Airbus, a committee of MPs warns.
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Airbus management began to outline a giant restructuring plan to employees following problems with its A380 superjumbo jet amid signs of political concern about the consequences of a major overhaul.
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Thousands of striking Airbus workers demonstrated Tuesday in Toulouse, the European aircraft maker's headquarters, to protest plans to cut 10,000 jobs and spin off or close six European plants.Comment
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Airbus, seeking to reverse its fortunes after a crushing year, faced a bruising battle Wednesday in presenting a plan expected to include massive job losses across Europe and the sale of a number of plants.
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Troubled European aircraft manufacturer Airbus is to lift the veil Tuesday on a long-awaited restructuring plan that has already unsettled labor leaders and politicians in France and Germany.
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Victims of A380 debacle Airbus CEO Louis Gallois this afternoon announced 10,000 lay-offs of "overhead staff" across the company's European operations in the wake of the A380 debacle.â¦
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Airbus parent EADS abandoned two key  executives on Sunday and brought in a steady pair of hands in  the shape of French railways boss Louis Gallois in a bid to end  a two-week crisis over delays to its A380 superjumbo.
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Airbus' major restructuring strategy includes 10,000 job cuts, French Prime Minister Dominique de Villepin said Tuesday, adding that his government will oppose any cutbacks in the form of layoffs.Comment
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More Airbus workers go on strike in protest at the firm's restructuring plans, which include 10,000 job cuts.
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Airbus will slash 10,000 jobs and sell all or part of six factories, it confirmed on Wednesday, as workers protested and politicians hailed a hard-fought compromise.
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Airbus faced growing paralysis on Tuesday over plans to axe thousands of jobs as French and German politicians quarrelled over the cuts and Berlin dampened hopes of a quick solution at a bilateral summit this ...Comment
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Airbus kicked off a 10 billion euro ($13.2 billion) plan Monday to build its A350 XWB wide-bodied jet, which is designed to compete with Boeing's successful 787 and boost the fortunes of the troubled European planemaker.