Airbus confirms to cut plants, 10,000 jobs
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TOULOUSE, France  - Troubled planemaker Airbus confirmed 10,000 job cuts and announced plans to sell all or part of six factories on Wednesday, as workers protested and politicians hailed a hard-fought compromise.
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SBC Communications  will cut 10,000 jobs from its workforce through the end of 2005 using attrition and involuntary cuts, the company said in a filing with U.S. market regulators on Friday.
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Airbus on Monday postponed a major announcement on job cuts planned for Tuesday, saying European nations could not agree how to share the work on the planemaker's next aircraft, the wide-body A350.Comment
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European jet maker Airbus revealed plans on Wednesday to axe 10,000 jobs, nearly a fifth of its workforce, as part of a radical cost-cutting scheme to lift the company out of a financial crisis.Comment
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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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General Motors' European unit is to cut 10,000 jobs in Germany as part of a plan to save  $665m (Â£347m) annually.
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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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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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Protests take place for a second day at Airbus plants after it said it wanted to cut 10,000 jobs while strike action remains possible.
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Germany pledges to fight against  Airbus plants there being disproportionately hit by expected job cuts at the firm.
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DaimlerChrysler AG's  Chrysler Group plans to cut more than 10,000 factory jobs and close at least two plants to return the U.S-based unit to profitability, the Detroit News said on Monday.
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French Prime Minister Dominique de Villepin has confirmed that 10,000 job cuts were planned at European aircraft manufacturer Airbus, but urged there be &quot;no compulsory layoffs.&quot;
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Paris - French Prime Minister Dominique de Villepin on Tuesday confirmed plans to cut 10,000 jobs at European aircraft manufacturer Airbus, French broadcaster RTL reported.Comment
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Two of Germany's seven Airbus plants are to be sold as part of a restructuring programme designed to cut costs at the European planemaker, the newspaper Bild reported Tuesday.Comment
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Automaker BMW AG said Friday that it plans to cut thousands of jobs in 2008.
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DaimlerChrysler AG's (DCXGn.DE)  Chrysler Group plans to cut more than 10,000 factory jobs and  close at least two plants to return the U.S-based unit to  profitability, the Detroit News said on Monday.
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The new chief executive of Airbus has outlined a vast restructuring plan for the ailing aircraft maker that could involve major job cuts and shifting more production out of Europe.