France confirms 10,000 job cuts at Airbus
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An employee of the European aircraft manufacturer Airbus in Colomiers, southern France, leaves the plant.Comment
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Airbus will slash 10,000 jobs and sell all or part of six factories, it confirmed on Wednesday, as workers protested and politicians hailed a hard-fought compromise.
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MESEBERG, Germany, Feb. 23 Germany and France support a fair division of the long-awaited restructuring of pan-European aircraft maker Airbus, the countries ' leaders said Friday.Comment
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The French state said Monday it was ready to boost the capital in EADS, the parent group of Airbus, as French unions prepared a massive strike over planned cutbacks at the troubled planemaker.
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Planemaker Airbus will announce on Wednesday plans to cut 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.Comment
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Nortel Networks Corp. will cut 10 percent of its workforce, or around 3,500 jobs, to reduce costs.
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ATLANTA Delta Air Lines today released new details on the up to 69-hundred jobs it plans to eliminate starting January first. Delta earlier this year announced it&#39;s dropping Dallas-Fort Worth International
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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.
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European jet maker Airbus revealed plans on Wednesday to axe 10,000 jobs, nearly a fifth of its workforce, as part of a radical cost-cutting scheme to lift the company out of a financial crisis.
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The government, goaded by presidential candidates into responding to large job cuts at the airplane maker Airbus, said it was ready to pump cash into the company and shake up a Franco-German power-sharing pact. Prime Minister Dominique de Villepin also called on the parent of Airbus, the European Aeronautic Defense and Space Company, to abandon paying a dividend this year to its shareholders, which include the French government, after announcing plans to cut 10,000 jobs. Some 4,300 of those jobs are in France. Mr. Villepin, above, said the government stood ready to participate if the holding company decided to tap its shareholders for more cash through a capital increase to shore up a company badly hit by delays to the new Airbus A380 superjumbo airliner. âThe state will play its role,â he said. However, EADSâs biggest private shareholder, the German car company DaimlerChrysler, has battled for years to prevent what it regards as state meddling.
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Airbus parent EADS says it is selling off six plants to French, British and German companies.
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European jet maker Airbus revealed plans on Wednesday to axe 10,000 jobs, nearly a fifth of its workforce, as part of a radical cost-cutting scheme to lift the company out of a financial crisis.Comment
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The Ford Motor Company said today that it would cut 10,000 more salaried jobs, close two more factories and eliminate its stock dividend.
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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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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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MUNICH, Germany  - Losses at planemaker Airbus slashed operating profit at Franco-German parent EADS  by 86 percent to 399 million euros ($525 million) in 2006, but the fall was cushioned by profits in defense, the group said.
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Air France  announced a $7  billion aircraft order on Thursday, split between Airbus   and Boeing .