Speculation rife over EADS reorganisation ahead of Franco-German summit
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Speculation is rife in the French press about the future shape of the management at aerospace giant EADS, ahead of a possible decision at a July 16 Franco-German summit to simplify its structure.
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The new chief executive of European airliner manufacturer Airbus is set to present a vast restructuring plan for the group to the board of parent company EADS, union sources told AFP.
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Major job cuts at Airbus may be up for debate at a company board meeting, a main union at the planemaker warns.
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Rumours of a possible tie-up between French defence electronics group Thales and the European Aeronautic, Defence and Space Company (EADS) are to be discussed by the German and French economy ministers later this week, a German government spokesman said.
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Airbus and parent aerospace group EADS were in the eye of a breaking storm of union defiance and stock market doubts over cutbacks on Monday, a day before a strike in French factories.
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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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Embattled EADS  co-Chief  Executive Noel Forgeard is likely to lose his post in a  management shakeup that is imminent, a source close to talks to  resolve an industrial crisis at the company said on Sunday.
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LONDON (CBS.MW) - Speculation grew Friday that the French government is actively working to create a European defense giant to better compete with Boeing after a French newspaper said EADS is nearing a take-over of Thales.
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Airbus was at the center of mounting industrial tensions Tuesday as the European aircraft maker prepared to unveil a long-awaited restructuring program likely to include thousands of job cuts and the sale of ...Comment
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European aircraft maker Airbus could sell some its sites under the vast restructuring plans scheduled to be announced later this month, Airbus chief and co-chairman of EADS, Louis Gallois, has said.
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EADS&#039; top four executives have met in Munich but took no decisions on how to end the aerospace group&#039;s management crisis prompted by the superjumbo Airbus A380&#039;s production delays.
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France and Germany appeared headed for another industrial row on Monday over a French plan to merge Airbus parent EADS with French defense group
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European aerospace group EADS has admitted that its Airbus superjumbo airliner is set for further delays, after a newspaper report said huge cost cuts and a production switch out of the eurozone were being considered.
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Job cuts at Airbus may be up for debate at a company board meeting, a union at the planemaker warns.
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France and Germany are set for a new clash on industrial policy this week over a possible defence deal which would involve 23,000 jobs in the UK.
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PARIS/BERLIN  - France hopes to be able to announce an agreement about a simplified management structure for European defense group EADS  at a summit meeting on Monday, but Germany is in no hurry to strike a deal.
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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