Airbus announces 10,000 jobs to go
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Airbus confirmed Wednesday that it will cut 10,000 jobs across its European operations as it struggled against a weak dollar and costly delays to its flagship A30 superjumbo.Comment
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European aircraft maker Airbus announced 1,600 UK job cuts over four years in a crisis statement on Wednesday.
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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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Airbus plans to increase production of its A320 family of airliners as the company bets on strong demand for its smaller planes to take the sting out of costly delays to its A380 superjumbo jet. An Airbus spokesman, Justin Dubon, confirmed the plans, reported by The Wall Street Journal. The company, based in Toulouse, would produce 32 of the single-aisle planes each month starting in January, instead of the 30 produced currently. Production will increase further, to 34 planes a month in March 2008 and to 36 by December that year. Before the increase was decided, the first delivery windows available to new customers were in 2010, Mr. Dubon said. Faster production will open up new slots well before that date.
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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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Airbus expects air passenger traffic to treble in the next two decades, creating global demand for 24,300 aircraft.
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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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European aircraft maker Airbus has said its estimate of world demand for airliners in the next 20 years had leapt by 31.2 percent in two years to 22,700, with the value of the global aircraft market expected to hit 2.6 trillion dollars by 2025.
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Hundreds of jobs could be on their way to Airbus in Flintshire as the company launches a new plane.
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US Airways Group Inc.  is set to announce a large order of Airbus jets that could be worth more than $10 billion at list prices, according to published reports.
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On Tuesday, Airbus will roll out the first A380 from its factory in Toulouse, France.
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Airbus and Boeing will still dominate the market for large passenger aircraft 10 years from now despite the ambitions of Russia and China in this area, an Airbus executive said on Thursday.
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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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PARIS -- European aircraft builder Airbus believes it will deliver more aircraft than Boeing Co. at least through 2006, according to recent projections given by Airbus to suppliers.
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The European aircraft manufacturer Airbus has received 358 firm orders and 190 letters of intent at the Paris Air Show this week, commercial director John Leahy said Wednesday.
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European aircraft maker Airbus said Thursday that the global aircraft market would be worth 2.8 trillion dollars (1.9 trillion euros) by 2026, with total production at 24,300 planes.
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ATLANTA Delta Air Lines today released new details on the up to 69-hundred jobs it plans to eliminate starting January first. Delta earlier this year announced it&#39;s dropping Dallas-Fort Worth International