Airbus to cut plants and 10,000 jobs in overhaul
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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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Planemaker Airbus will announce up to 10,000 job losses. with France and Germany mainly affected.
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German employees of European airplane maker Airbus have staged demonstrations at plants all around the country in protest against restructuring plans which they fear could lead to the loss of up to 8,000 jobs in Germany.
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European plane maker Airbus finally won approval to press ahead with a rescue plan on Monday, clearing the way for major job cuts and signalling an end to Franco-German tensions over the restructuring of the company.
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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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Two of Germany's seven Airbus plants are to be sold as part of a restructuring programme designed to cut costs at the European planemaker, the newspaper Bild reported Tuesday.Comment
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Airbus shelves a key decision on a major overhaul of the business, amid strife between its European partners.
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The parent company of European plane manufacturer Airbus said on Monday it had finally approved a restructuring plan for the struggling group, ending months of political wrangling about job cuts.
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Airbus, reeling from a management shakeup that followed delays in its flagship superjumbo jet program, unveiled a long-awaited revamp of its mid-sized A350 on Monday.
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The new chief executive of the ailing aircraft maker Airbus is set to present a vast restructuring plan for the group to the board of parent company EADS.
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Airbus Chief Executive Louis Gallois on Wednesday urged politicians not to interfere with the European aircraft maker's plans to cut 10,000 jobs and spin off or close six European plants.
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U.S. aircraft fuselage maker Spirit AeroSystems Holdings Inc.  is eyeing plants that European planemaker Airbus is selling as part of a restructuring aimed at lowering costs, a German paper said.
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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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Troubled European aircraft manufacturer Airbus is to lift the veil Tuesday on a long-awaited restructuring plan that has already unsettled labor leaders and politicians in France and Germany.
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The scandal-beset company will also lay off about 10 percent of its work force.
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Airbus parent EADS  has pledged to consult workers before selling plants or cutting jobs as part of a plan to rescue the planemaker, the works council at EADS said on Friday.
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Germany pledges to fight against  Airbus plants there being disproportionately hit by expected job cuts at the firm.