Airbus to cut 10,000 jobs 4:34AM EST
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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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LONDON: Cost overruns and political bickering will be set aside tomorrow at Airbus as the Toulouse-based planemaker unveils its mighty A380 double-decker, the biggest airliner ever built.
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French and German Airbus staff stop work in a second day of protests after the firm announced 10,000 job cuts.
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Airbus said Monday it postponed a news conference at which it had been expected to announce its long-awaited restructuring strategy.
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Airbus unions in France on Friday ordered a one-day strike for next week to protest planned job cuts and plant disposals at the European aircraft maker.
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European jet maker Airbus said Wednesday it would axe 10,000 of its 56,000 workforce as part of a cost cutting operation to lift it out of a financial crisis.
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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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European aircraft maker Airbus announced 1,600 UK job cuts over four years in a crisis statement on Wednesday.
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Planemaker Airbus will announce up to 10,000 job losses. with France and Germany mainly affected.
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European airliner maker Airbus told unions on Wednesday that it would dispose of six factories and switch some work from France to Germany under a plan costing some 10,000 jobs, a union source said.
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French Prime Minister Dominique de Villepin said on Tuesday he had talked with Chancellor Angela Merkel about the problems at Airbus and confirmed it is seeking to cut 10,000 jobs.Comment
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MUNICH, Germany  - An industrial crisis blamed for sweeping job cuts at Europe's Airbus slashed profits at parent EADS by 86 percent in 2006, sending its shares lower on Friday as it ruled out a quick recovery this year.
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Troubled European plane manufacturer Airbus could cut up to 12,000 jobs in a long-awaited restructuring plan to be announced Tuesday, the French business press 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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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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PARIS/BOSTON  - Troubled Airbus suffered its second hammerblow in a week on Friday when the last cargo customer deserted the freight version of its delayed A380 superjumbo, days after the planemaker announced 10,000 job cuts.
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TOULOUSE, France  - 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.