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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TOULOUSE, France  - The top EU trade official said that Washington had a &quot;false perception&quot; of how aircraft manufacturer Airbus is funded but added that talks with US authorities to settle a row over government assistance to both Airbus and US rival
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Airbus warns it may be forced to make further cuts if the euro remains at record highs against the dollar.
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Franco-German relations will not be negatively affected by the current crisis at aircraft maker Airbus and tough negotiations about restructuring, a high-ranking German government official said on Wednesday.
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France's centre-right government on Sunday stood defiantly by plans to make the 35-hour work week more flexible with the controversial prospect of longer hours, despite mass weekend protests.
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France's president unveils new economic reforms in a  command performance, but skeptics say he's short on detail
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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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Paris - French Prime Minister Dominique de Villepin on Tuesday confirmed plans to cut 10,000 jobs at European aircraft manufacturer Airbus, French broadcaster RTL reported.Comment
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EADS co-chief executive Noel Forgeard is being questioned by France&#039;s parliamentary finance committee on why he sold millions of euros&#039; worth of shares in the European aerospace group just before it announced delays in deliveries of its Airbus A380 superjumbo.
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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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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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German Chancellor Angela Merkel and  French President Jacques Chirac will discuss the situation at  Airbus  on Friday but Germany insisted management and  not politicians should decide on a restructuring of the firm.
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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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France's president is heading for a showdown with European finance ministers over the French economy.
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Airbus' major restructuring strategy includes 10,000 job cuts, French Prime Minister Dominique de Villepin said Tuesday, adding that his government will oppose any cutbacks in the form of layoffs.Comment
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German and French employees of Airbus take to the streets in response to fears of potential cutbacks at the planemaker.
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Jacques Chirac and Angela Merkel are trying to get the Airbus restructuring plan back on the runway.Comment