French economy minister defends Airbus cuts
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French Economy Minister Thierry Breton defended on Sunday the massive restructuring programme at Franco-German aircraft maker Airbus, saying the cuts were needed in order to compete with US rival Boeing.
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European leaders are concerned over job cuts German and French leaders are in talks to address how an overhaul of Airbus will affect their respective countries and try to resolve their differences.Comment
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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 European politicians hailed a hard-fought compromise.
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The French president defends his plan to make pupils honour Jewish child victims of the Holocaust amid uproar.
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MESEBERG, Germany, Feb. 23 Germany and France support a fair division of the long-awaited restructuring of pan-European aircraft maker Airbus, the countries ' leaders said Friday.Comment
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Environment Secretary David Miliband defends the government's stance on Hungarian poultry imports.
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PARIS -- 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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French President Jacques Chirac today meets Chancellor Angela Merkel for talks expected to centre on Franco-German tension over a major restructuring plan for European aircraft manufacturer Airbus.Comment
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The government, goaded by presidential candidates into responding to large job cuts at the airplane maker Airbus, said it was ready to pump cash into the company and shake up a Franco-German power-sharing pact. Prime Minister Dominique de Villepin also called on the parent of Airbus, the European Aeronautic Defense and Space Company, to abandon paying a dividend this year to its shareholders, which include the French government, after announcing plans to cut 10,000 jobs. Some 4,300 of those jobs are in France. Mr. Villepin, above, said the government stood ready to participate if the holding company decided to tap its shareholders for more cash through a capital increase to shore up a company badly hit by delays to the new Airbus A380 superjumbo airliner. âThe state will play its role,â he said. However, EADSâs biggest private shareholder, the German car company DaimlerChrysler, has battled for years to prevent what it regards as state meddling.
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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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French President Nicolas Sarkozy meets German Chancellor Angela Merkel on Monday to try to agree on who will run the troubled European aerospace group EADS, which manufactures Airbus.
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Arguments over a rescue plan for Airbus could be decided by French and German government leaders on Friday amid warnings to politicians that cutbacks are now urgent despite conflicts over national interests.
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Top managers at Airbus parent company EADS knew of delays in aircraft production when they sold their stock options in March, shortly before Airbus shares crashed on a shock announcement, a French daily alleged Tuesday.
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PARIS -- France's finance minister said he would use a visit to Berlin today to iron out ''misunderstandings&quot; over his interventions to protect French companies, which have irked German politicians and business leaders.
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Directors at the European Aeronautic Defence and Space group are to consider the industrial launch of the Airbus 350 XWB on Friday, with the question of financing still unresolved, a French source close to the matter said.
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Planemaker Airbus denies claims it plans to outsource up to 50% of the work on its new A350 mid-sized aircraft.
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BRUSSELS/BANGKOK  - The EU on Wednesday backed Airbus in a row over state subsidies with U.S. rival Boeing Co.  while yet another client of the European planemaker threatened to cancel orders for the A380 superjumbo.