Airbus gets green light for restructuring plan
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The parent company of European plane manufacturer Airbus said on Monday it had finally approved a restructuring plan for the struggling group, ending months of political wrangling about job cuts.
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The new chief executive of the ailing aircraft maker Airbus is set to present a vast restructuring plan for the group to the board of parent company EADS.
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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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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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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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Tom Enders, the German co-chief executive of EADS, has reiterated his call for a &quot;fair distribution&quot; of the crucial restructuring measures to be implemented at airplane maker Airbus.
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European aerospace group Airbus and its parent EADS have said that they had suspended work on a long-awaited restructuring plan for Airbus, due to be unveiled on Tuesday, citing strains over national interests.
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Airbus was given the go-ahead yesterday by its shareholders - EADS and BAE Systems - to start marketing its planned A350 mid-range aircraft to airlines, heralding
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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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Two of Germany's seven Airbus plants are to be sold as part of a restructuring programme designed to cut costs at the European planemaker, the newspaper Bild reported Tuesday.Comment
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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.
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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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Airbus was at the center of mounting industrial tensions Tuesday as the European aircraft maker prepared to unveil a long-awaited restructuring program likely to include thousands of job cuts and the sale of ...Comment
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Shares in Airbus parent EADS  rose early on Tuesday after its board approved its Power8 restructuring plan for Airbus, which has suffered from the costly delay of its A380 superjumbo and a weak dollar.
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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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Airbus will cut 10,000 jobs over four years, parent company EADS said Wednesday as it unveiled a restructuring plan aimed at helping the planemaker recover after delays to its A380 superjumbo and other setbacks.
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The parent company of the aircraft maker Airbus said its board had approved a turnaround plan, one week after shareholders were asked to overcome narrow national issues.