Airbus announces delay in restructuring plan
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European aircraft manufacturer Airbus has delayed a major announcement on restructuring to pull out of a financial crisis, citing strains over national interests.
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European aircraft manufacturer Airbus is holding talks with partner European governments but no decision on state finance for the new A350 airliner programme is imminent, the head of Airbus has said.
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Airbus confirmed Wednesday that it will cut 10,000 jobs across its European operations as it struggled against a weak dollar and costly delays to its flagship A30 superjumbo.Comment
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PARISAirbus has postponed a major announcement on job cuts planned for today, saying European nations could not agree how to share the work on the plane maker's next aircraft, the wide-body A350.Comment
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European aerospace group EADS, saddled with costly delivery delays at aircraft unit Airbus, reported a sharp widening in its third quarter net loss Thursday and lowered its 2007 forecast.
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Leading airlines are reviewing their options after Airbus announces further delays to its flagship A380 plane.
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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 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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European aerospace group EADS  will unveil restructuring measures aimed at saving 2 billion euros ($2.53 billion) a year this week after new delays in deliveries of its A380 superjumbo, financial daily Les Echos reported, without quoting sources.
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The board of directors at European aeropsace group EADS was to convene again Tuesday to discuss delivery delays plaguing the Airbus A380 superjumbo as well as a proposed restructuring of the aircraft manufacturer, a source close to the matter said.
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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.
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Airbus parent EADS  on Monday postponed a major restructuring announcement planned for Tuesday, saying its European political backers could not agree on how to share out construction of its future A350 aircraft.
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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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European aerospace group EADS has postponed until next week a board meeting on the future of the Airbus A350 XWB passenger jet programme, key shareholder Lagardere said.
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Airbus parent EADS EAD.PA confirmed   fresh delays to its A380 superjumbo on Thursday, but said it   was too early to say how long the third postponement in   deliveries would last or how much it would cost.
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Airbus management met with employees about a major restructuring plan following problems with its A380 superjumbo jet amid political concern over the consequences of a major overhaul.
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Planemaker Airbus is expected to announce   fresh delays to its embattled A380 superjumbo in coming days, a   French media report said, adding to woes for parent firm EADS   EAD.PA whose shares were also hit by a brokerage downgrade.