Leaders set for Airbus jobs talks
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Angela Merkel and Jacques Chirac are preparing for a meeting on Friday to hammer out the restructuring of Airbus.
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Airbus and its parent company EADS could disclose new delivery delays for the A380 superjumbo as well as a restructuring plan for the aircraft manufacturer, following a meeting Tuesday of EADS directors.
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German Chancellor Angela Merkel and  French President Jacques Chirac will discuss the situation at  Airbus  on Friday but Germany insisted management and  not politicians should decide on a restructuring of the firm.
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Negotiators from the United States and European Union, under pressure from US presidential campaign rhetoric, were due to meet on Thursday in Brussels to debate Boeing&#39;s allegations that Europe lavishes unfair subsidies on Airbus.
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The government, goaded by presidential candidates into responding to large job cuts at the airplane maker Airbus, said it was ready to pump cash into the company and shake up a Franco-German power-sharing pact. Prime Minister Dominique de Villepin also called on the parent of Airbus, the European Aeronautic Defense and Space Company, to abandon paying a dividend this year to its shareholders, which include the French government, after announcing plans to cut 10,000 jobs. Some 4,300 of those jobs are in France. Mr. Villepin, above, said the government stood ready to participate if the holding company decided to tap its shareholders for more cash through a capital increase to shore up a company badly hit by delays to the new Airbus A380 superjumbo airliner. âThe state will play its role,â he said. However, EADSâs biggest private shareholder, the German car company DaimlerChrysler, has battled for years to prevent what it regards as state meddling.
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The two co-chief executives of European aerospace group EADS are to begin on August 27 the new roles given them under a management shake up announced this week, the company said on Friday.
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German Chancellor Angela Merkel and French President Jacques Chirac called for a &quot;fair division&quot; of the burden in restructuring crisis-hit European aircraft maker Airbus, in a statement released at a summit here Friday.
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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 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.Comment
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The new chief executive of Airbus has outlined a vast restructuring plan for the ailing aircraft maker that could involve major job cuts and shifting more production out of Europe.
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German Chancellor Angela Merkel and French President Jacques Chirac are likely to discuss troubled aerospace group EADS  when they meet next week in Paris, but will not address issues better left to company management, a German government spokesman said.
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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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Airbus and its parent company EADS could disclose new delivery delays for the A380 superjumbo jet as well as a restructuring plan for the aircraft manufacturer, following a meeting of EADS directors.
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The top trade officials from the United States and the European Union will discuss a row over state subsidies accorded US aircraft manufacturer Boeing and European rival Airbus at a meeting here October 18, a European Commission spokeswoman said Wednesday.
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US aviation giant Boeing Co. is pressing for an end to subsidies for its European rival Airbus, which will be at the heart of new talks this month between the US government and the European Union.
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The board of European Aeronautic Defence and Space Co. met Monday to consider plans to launch a new Airbus passenger jet that would rival Boeing Co.
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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