Wrangling hits Airbus restructure
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Airbus shelves a key decision on a major overhaul of the business, amid strife between its European partners.
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Major shake-up will slash 10,000 jobs Airbus yesterday rolled out its "Power8" restructuring programme which will see the company shed 10,000 jobs over the next four years.â¦
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Victims of A380 debacle Airbus CEO Louis Gallois this afternoon announced 10,000 lay-offs of "overhead staff" across the company's European operations in the wake of the A380 debacle.â¦
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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.
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MELBOURNE/PARIS  - The world's airlines were forced to review growth plans and investors hammered the shares of Airbus parent EADS  on Wednesday after the European planemaker announced more delays to its A380 superjumbo.
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Airbus bosses are meeting with union leaders to discuss the latest plans for its proposed redundancies.
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PARIS/MELBOURNE  - Airlines were forced to review growth plans and investors hammered the shares of Airbus parent EADS on Wednesday after the European planemaker announced more delays to its A380 superjumbo.
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Boeing announced a shake-up in its executive ranks yesterday, ousting its chief airplane salesman at a time when rival Airbus is beating it in airplane orders for the fourth consecutive year.
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Thomas Enders, newly installed chief executive at Airbus, on Wednesday streamlined his management committee at the struggling European aircraft manufacturer.
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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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New delays expected for the A380 superjumbo airliner are a blow to Airbus after a production crisis three months ago but are unlikely to cause customers to cancel orders.
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PARIS -- 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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A shake-up at Airbus will slash 10,000 jobs and sell all or part of six factories, French trade union CGT confirmed on Wednesday, as workers protested and politicians hailed a hard-fought compromise.
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Airbus revealed new delays for its   troubled A380 superjumbo on Thursday, blaming a repeat of   wiring installation problems which have already pushed the jet   programme a year behind schedule and sliced into future   profits.
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European planemaker Airbus is hit by further reports that it could announce another delay in production of the A380.
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New problems have been detected on Airbus's giant A380 super jumbo jet, adding to the woes of the fledging aircraft which is already afflicted with wiring problems.
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Airbus faced growing paralysis on Tuesday over plans to axe thousands of jobs as French and German politicians quarrelled over the cuts and Berlin dampened hopes of a quick solution at a bilateral summit this ...Comment