Airbus to slash 10,000 jobs
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European jet maker Airbus said Wednesday it would axe 10,000 of its 56,000 workforce as part of a cost cutting operation to lift it out of a financial crisis.
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Airbus unions in France on Friday ordered a one-day strike for next week to protest planned job cuts and plant disposals at the European aircraft maker.
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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.
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Protests take place for a second day at Airbus plants after it said it wanted to cut 10,000 jobs.
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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.
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European planemaker Airbus is cutting 1,600 UK jobs over the next four year as it looks to reduce costs.
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Blog: Along with preliminary earnings release, the company announces it will lay off 10 percent of workers to trim costs.
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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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Delta Air Lines DAL.N on Wednesday  said it plans to eliminate between 6,000 and 6,900 jobs during  the next 18 months, implement a 10 percent across-the-board pay  reduction and reduce employee benefits.
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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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SBC Communications Inc. plans to cut at least 10,000 jobs, or 6 percent of its work force, by the end of next year to compensate for a drop in the number of local-telephone customers.
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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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European plane maker Airbus is to finally unveil its restructuring plan on Wednesday amid signs of growing frustration in its workforce and clamour for resistance from trade unions.
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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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Automaker BMW AG said Friday that it plans to cut thousands of jobs in 2008.
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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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SBC Communications (SBC) 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 US market regulators on Friday.