Airbus to cut 10,000 jobs over 4 years
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Airbus will cut 10,000 jobs over four years, parent company EADS said Wednesday as it unveiled a restructuring plan aimed at helping the planemaker recover after delays to its A380 superjumbo and other setbacks.
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The plan to slash 10,000 jobs at European aircraft manufacturer Airbus is no longer realistic following big orders for Airbus planes, the German IG Metall labour union said on Friday.
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TOULOUSE, France  - Airbus workers downed tools and staged protests as a company shake-up due later on Wednesday was expected to confirm plans for factory sales and thousands of job cuts.
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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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Delta Air Lines Inc. (DAL.N: Quote, Profile, Research) said on Wednesday it would cut 6,000 to 7,000 jobs, or about 10 percent of its work force, over the next 18
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Airbus, the European plane maker, said on Wednesday that it expected orders for new aircraft to halve to around 700 this year after a record order intake in 2007.
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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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Delta Air Lines Inc. DAL.N on  Wednesday said it will cut 6,000 to 7,000 jobs, or about 10  percent of its work force, over the next 18 months and drop  Dallas/Fort Worth as a hub as it tries to avert bankruptcy.
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By Barbara Grady  Intel Corp. announced Tuesday it will cut 10,500 jobs -- roughly 10 percent of its work force -- over the next year in an effort to reduce costs and move more aggressively in the microprocessor market.
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Dell also announced that it would lay off 10 percent of its work force over the next year in order to reduce costs.
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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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Delta Air Lines on Wednesday said it  plans to cut 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 in a bid to avoid bankruptcy.
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Pan-European aircraft manufacturer Airbus SAS's planned restructuring strategy includes 10,000 job cuts, France's prime minister confirmed Tuesday.Comment
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Airbus  is considering  extending its workweek to 40 hours from 35 hours without  compensation as part of the European planemaker's restructuring  plans, German magazine Focus reported.
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Information provider VNU  said on Monday it planned to cut 4,000 positions and shave 10 percent from its cost base next year.
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More Airbus workers go on strike in protest at the firm's restructuring plans, which include 10,000 job cuts.
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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.