French premier says 10,000 job cuts planned at Airbus
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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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As expected, the chipmaker announces 10,500 layoffs as part of a strategy to cut costs and regain momentum.
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German Chancellor Angela Merkel and French President Jacques Chirac called for a "fair division" of the burden in restructuring crisis-hit European aircraft maker Airbus, in a statement released at a summit ...Comment
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French carmaker PSA Peugeot-Citroen is cutting 10,000 jobs, or 7 percent of its European work force, and is imposing a hiring freeze as it tries to cut costs amid a sales slump in Europe.
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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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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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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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General Motors will cut around 10,000 jobs in Europe in a drive to save some 500 million euros (&#36;613.4 million) a year and return its loss-making operations there to profit, a company source said on Wednesday.
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PARIS -- 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.
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German car maker BMW is set to eliminate "several thousand" jobs next year as part of a cost-cutting plan, a spokesman for the group told AFP on Friday.
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Workers at France's Airbus factories are set to go on strike on Tuesday to protest against major cutbacks by the European aircraft maker involving the loss of about 4,000 jobs in France, union officials said Thursday.
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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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The French president wants an agreement to streamline the dual French-German management at Airbusâs parent company, EADS.
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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.Comment
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French President Nicolas Sarkozy said Saturday that aerospace group EADS would take centre stage at July 16&#39;s Franco-German summit at Airbus headquarters in Toulouse.
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Airbus faced growing paralysis on Tuesday over plans to axe thousands of jobs as French and German politicians quarrelled over the cuts and Berlin dampened hopes of a quick solution at a bilateral summit this ...Comment
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TOULOUSE, France  - European plane maker Airbus will sell all or part of six of its 16 production sites and slash 10,000 jobs at the company and its suppliers as part of a restructuring plan to cut costs and deal with the decline of the dollar, a leading trade union said.