Airbus and staff face crisis day, minister says factories saved
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Airbus, the European airliner maker caught in a five-month crisis over restructuring and cutbacks, faced a watershed on Wednesday with the announcement of the plan to make huge cost savings and reorganise the business.
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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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Arguments over a rescue plan for Airbus could be decided by French and German government leaders on Friday amid warnings to politicians that cutbacks are now urgent despite conflicts over national interests.
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European aircraft maker Airbus announced 10,000 job cuts and a timetable for slashing its factory network Wednesday, in a bid to solve the crisis caused by problems with its A380 superjumbo jet.
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Protests take place for a second day at Airbus plants after it said it wanted to cut 10,000 jobs while strike action remains possible.
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Ministers come under pressure over the crisis at Ferguson shipyard, where up to 99 jobs could be lost.
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Workers at Airbus revolted on Thursday against massive cutbacks, planning a strike next week in a warning to the company that its recovery strategy is in for a long, tough haul.
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German and French leaders raise fears  over the impact of job cuts at Airbus before a key summit on Friday.
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Airbus chief executive Louis Gallois said on Tuesday that the crisis-hit European plane manufacturer had turned the corner after a series of problems in the last few years.
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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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The view from the Airbus cockpit turned darker when its managers said the European plane-maker might take 15 years to catch up with Boeing and that the A350 project might be suspended.
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The German government will review its defence contracts with Franco-German aeronautics company EADS if the restructuring of Airbus severely harmed German interests, Economy Minister Michael Glos has warned.
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The European aerospace group EADS, parent of crisis-hit Airbus, could announce next week the disposal of four factories in France, matching cutbacks in Germany.
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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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French Prime Minister Dominique de Villepin has confirmed that 10,000 job cuts were planned at European aircraft manufacturer Airbus, but urged there be &quot;no compulsory layoffs.&quot;
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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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Airbus bosses are meeting with union leaders to discuss the latest plans for its proposed redundancies.