Forgeard said set to lose job in EADS shakeup
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Embattled EADS  co-Chief  Executive Noel Forgeard is likely to lose his post in a  management shakeup that is imminent, a source close to talks to  resolve an industrial crisis at the company said on Sunday.
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DaimlerChrysler (DCXGn.DE) aims to  resolve a management crisis at European defense group EADS   quickly, the German automaker and EADS founding  shareholder&#039;s chief executive was quoted as saying on  Wednesday.
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Airbus chief executive Noel Forgeard said the European aircraft manufacturer expects to make an announcement regarding a major new order.
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A senior executive at European aerospace firm EADS  has resigned, exposing a tussle over the 25-billion-euro revenue powerhouse at subsidiary Airbus days before a showdown for plane orders with Boeing.
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Jean-Paul Gut, the chief operating officer at European aeronautics and defence giant EADS, said Monday he was stepping down from his post because of a disagreement over strategy.
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EADS co-chief executive Philippe Camus on Thursday condemned what he called a "pathetic" campaign against him by supporters of Airbus SAS boss Noel Forgeard, who was nominated last month to replace Camus at the helm of the European aerospace giant.
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A deal to simplify the complicated management structure of Franco-German aerospace firm EADS could be imminent, officials say.
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Jean-Paul Gut, the chief operating officer of EADS, quit on Monday, adding further turmoil to the companyâs top management one week before the Paris air show.
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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 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  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 aerospace group EADS admitted that its Airbus A380 superjumbo was set for further delays, and a newspaper report said huge cost cuts and a production switch out of the eurozone were being considered.
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If the German government were to cancel its defence contracts with European aerospace giant EADS, it would hurt German jobs, according to a stark warning from the German co-chairman of EADS.
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Boeing  on Friday announced major personnel changes in its defense sector, shifting 14 executives to new jobs but keeping Jim Albaugh as chief executive and president.
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Speculation is rife in the French press about the future shape of the management at aerospace giant EADS, ahead of a possible decision at a July 16 Franco-German summit to simplify its structure.
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The co-chief executive of EADS, Noel Forgeard, said he has confidence in the head of the aircraft unit Airbus, while calling for a review of top executives&#039; roles at the two entities, according to an interview to appear in La Tribune newspaper.
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French interests named the head of Airbus, Noel Forgeard, to be one of two new pilots running the European aeronautics and defence group EADS after weeks of reported tension over his role.